Washington

State-backed bonds will replace PABs that were headed for default as Indiana takes over a road project that's become a poster child for P3 woes.

Federal Reserve Bank of New York President William Dudley said former Goldman Sachs executive Gary Cohn was a “reasonable candidate” for the job of Fed chief.

State officials say they are prepared for increased pressure on its $10 billion general fund.

Federal Reserve Bank of New York President William Dudley said it isn’t unreasonable to expect the central bank to announce plans in September to start trimming its balance sheet and said he supports another interest-rate increase this year if the economy evolves as he expects.

Deteriorating infrastructure will drag down U.S. economy, contractors warn.

NFS failed to follow underwriter instructions; Corecap failed to report transactions.

The Hudson River rail tunnel project is the first phase of the $24 billion Gateway Program.

Noting that predictions of higher inflation have been wrong for years, Federal Reserve Bank of Minneapolis President Neel Kashkari said Friday, the Fed can afford to wait to raise rates and that’s why he’s dissented on the last two rate hikes.

SEC rules provide municipal advisors an opportunity strengthen their bonds with issuer clients.

New money and refunding GO deals are in the cards.