Washington

As Congress prepares work on an infrastructure package, the transportation secretary endorsed private funding through pensions and endowment funds.

Ahmed Abonamah, a senior counsel to the director in the SEC’s Office of Municipal Securities, told the National Muni Bond Summit SEC Chair Jay Clayton has concerns about the timeliness of issuers’ financial information disclosure.

The lawsuit filed in federal court is now the second national suit alleging fraud in the variable-rate debt market.

Stephen Moore, who Donald Trump may nominate for a seat on the Federal Reserve Board, said the central bank should immediately reverse course and lower interest rates by half a percentage point.

Airport officials want an increased Passenger Facility Charge to pay back bonds, and say federal funding isn’t enough to pay for upgrades.

Disruptions between monetary policy and the economy help explain the “inflation puzzle we’re facing,” according to Federal Reserve Bank of San Francisco President Mary Daly.

Mid-size issuers may be experiencing the greatest impact, with one municipality even reporting that an underwriter withdrew a bid over a disclosure requirement.

Federal Reserve Bank of Boston President Eric Rosengren still thinks the central bank’s next move for interest rates is more likely to be a hike than a cut.

Federal Reserve Bank of Boston Eric Rosengren said he favors shortening the average maturity of Treasury securities held in the U.S. central bank’s balance sheet as a way of preparing for the next recession.

A Chicago area broker-dealer agreed to pay a $25,000 to settle FINRA charges that it relied on alternative trading systems and failed to maintain its own risk-management controls.