Washington

The District of Columbia was praised for tackling the funding needs for maintaining its critical infrastructure by a rating agency concerned about deferral of such maintenance by states and local governments.

Federal Reserve Chairman Jerome Powell said central banks shouldn’t take their independence for granted at a time when trust in public institutions is at “historic lows,” requiring extra effort to explain both their monetary and regulatory policies.

New York, New Jersey and Connecticut are the first states to have created charitable funds that taxpayers can contribute to in order to claim a charitable deduction in lieu of paying state and local taxes.

AASHTO Executive Director Frederick G. "Bud" Wright has spent more than 42 years working in the transportation sector.

The muni market officially got much of what it has spent years fighting for on Thursday, when President Trump signed the banking bill that makes tradable, investment grade municipal securities high-quality liquid assets under federal banking rules.

The IRS notice warns that federal law, not state law, controls how payments for federal income tax purposes are characterized.

Muni market groups got a long-awaited win when the House passed banking legislation classifying certain munis as high-quality liquid assets, even if it wasn't as big a win as hoped.

Federal Reserve officials said the economic outlook warranted another interest-rate hike “soon” and signaled they would welcome a modest overshoot of their 2% inflation target, indicating they're in no rush to tighten more aggressively.

The bank deregulatory bill passed by Congress on Tuesday would also make fewer banks systemically important and close a legal loophole that had allowed banks to defraud Puerto Rico investors.

Early returns indicate there have been some problems but firms seem to be working through them in complying with the new markup rules, regulators and industry officials said Tuesday.