Washington

A federal court imposed an unusually stiff financial penalty and a lifetime ban against the already-jailed Christopher St. Lawrence.

The Federal Reserve announced it will review monetary policy strategies, tools, and communication practices next year.

Monetary policy is near a neutral level, one that neither stimulates nor restricts economic growth, according to Federal Reserve Bank of Atlanta President Raphael Bostic, who noted that caution should be used going forward.

Federal Reserve Chairman Jerome Powell said the U.S. economy is strong but could face headwinds next year.

The NASBO report released Thursday showed some bright spots for state ledgers.

Distinguishing abusive `pennying' from less insidious behavior is key, dealers told the MSRB.

“Asset recycling can help fix America’s serious infrastructure problems: aging, deteriorating facilities and a lack of funding for a large array of new infrastructure that would improve our quality of life," the study's author said.

Former Federal Reserve Chairman Alan Greenspan said a rising U.S. debt burden could derail the current expansion.

Chief Judge Merrick Garland appeared unconvinced by Justice Department attorney Gretchen Wolfinger who argued on behalf of the decision by the Internal Revenue Service to release only limited information in a “suspected practitioner misconduct” case.

The federal government ran a $100.5 billion deficit in October.