Washington

Using bond proceeds to fund a Jobs program would be illegal, says Barbara Parker, Oakland's city attorney.

Progress is being made by some states and cities while Congress is independently making incremental progress on airports and water projects, according to infrastructure experts.

Blame the U.S. central bank for the flattening the yield curve, said Federal Reserve Bank of St. Louis President James Bullard, who urged his colleagues to avoid aggressive policy tightening that would push shorter-term rates above those on longer-dated Treasuries.

New Jersey, Pennsylvania, and other states are hoping to capitalize on gaming legalized by the Supreme Court's decision on Monday.

Gradual rate hikes remain the best policy, and while inflation is near the Fed's target, it’s “too soon” to declare victory, Federal Reserve Bank of Cleveland President Loretta Mester said Monday.

A deal struck between House and Senate leaders could lead to a vote as soon as next week on a banking bill that would classify munis as high-quality liquid assets and make them more attractive investments for banks.

Suggesting that the Federal Open Market Committee need not raise interest rates any time soon, Federal Reserve Bank of St. Louis President James Bullard said Friday monetary policy “is likely neutral.”

Mountain View is considering a business tax in which Google could pay up to $5.4 million a year.

Sixty percent of counties identified in the report are located in 20 states outside the areas in New York, New Jersey and California where the $10,000 cap has raised the strongest political objections.

The federal government ran a $214.3 billion surplus in April, the Treasury Department reported Thursday.