Washington

Federal Reserve policymaker John Williams made the case on Monday for further gradual increases in interest rates, saying he expects inflation to rise to the central bank’s 2 percent target next year as unemployment edges lower.

The economy is strong enough for gradual rate hikes to continue, despite the fact there may be a few more weak inflation reports coming, Federal Reserve Bank of Cleveland President Loretta Mester said Friday, according to published reports.

Maryland asked a federal appeals court for an emergency order restarting the $5.6 billion Purple Line P3.

GASB chair David Vaudt will talk about the importance of the board’s upcoming standards for state and local governments. Hosted by Lynn Hume.

The Federal Reserve can be patient in setting monetary policy and the current rate may be the right level for the forecast horizon, Federal Reserve Bank of St. Louis President James Bullard said Friday.

The Senate version is "more generous in the early years and a lot less generous in the later years" than the House-passed bill.

NFMA paper focuses on key disclosures from issuers of local government general obligation debt.

The budget plan would cut the Transportation Department’s discretionary spending the lowest level in 18 years.

Federal Reserve Chair Janet Yellen’s candidacy for another term is encountering resistance from some Trump administration advisers who want a new leader at the U.S. central bank, according to two administration officials, even as the Treasury secretary indicated she may still be in the running.

Seven people, including two former Puerto Rico government officials, were indicted Wednesday in two related corruption cases affecting more than $10 million.