Washington

Bruising political fights over Obamacare and tax reform may have killed the chances for Trump's infrastructure plan, leaving state and local governments to lead the way.

Bullard says the Fed should be sending signals that the policy rate is near or at neutral.

The proposal would establish a standalone rule governing transactions in discretionary accounts, something the board hasn't had in more than 30 years.

The U.S. infrastructure system looks remarkably backwards to many international eyes, and threatens the economy in the long run, experts said on Wednesday.

Local, county and state officials said they took initial steps Wednesday in what will become a much larger contingent of elected officials who will jawbone their federal counterparts with testimonials about the cost savings attributable to advance refundings.

Twenty-two states have not issued any bonds to boost the amount of money available from their clean or drinking water state revolving funds, according to the National Resources Defense Council.

New Jersey lawmakers want to complete sports gambling legalization to get new revenue for the state government and debt-ridden Atlantic City.

Transportation lobbyists and researchers discussing surface transportation finance during an Infrastructure Week webcast were unanimous in saying that Congress should lift the general prohibition on tolling interstate highways.

With only Sen. Elizabeth Warren challenging their thoughts, Fed nominees Richard Clarida and Michelle Bowman are likely to win approval from the Senate Banking Committee.

While the Federal Open Market Committee will raise interest rates a total of three or four times this year, interest rates will remain low by historical standards.