Washington

Road funding plan divides Wisconsin lawmakers as Oregon gets first glimpse of $5 billion proposal.

Bankruptcy experts and political observers say states would have a hard time getting restructuring power.

Senators urge tax regulators to clarify tax requirements for tax-exempt bonds used to refinance student loans, saying this will help reduce soaring student loan debt.

Illinois lacks a path to restructure state debt but Puerto Rico's filing heightened chatter.

The Federal Reserve should begin shrinking its balance sheet this year and put the reductions “on autopilot,” Federal Reserve Bank of Kansas City President and CEO Esther L. George said Tuesday.

Infrastructure Week, is May 15-19, and it will include 66 events across the nation, many of which will focus on the need to repair and build roads, bridges, ports, water and sewer systems and other critical infrastructure.

Income expectations rose, but consumers expect to spend less, according to the Survey of Consumer Expectations, released by the Federal Reserve Bank of New York on Monday.

Some analysts say the effects of President Trump's plan may be neutral or positive — assuming the muni tax exemption is preserved.

If the economy grows as expected, further rate hikes will be necessary, although they should be gradual, not one every Federal Open Market Committee meeting, Federal Reserve Bank of Cleveland President and CEO Loretta J. Mester said Monday.

The fed funds rate target is not far from the appropriate level, given the low natural rate of interest, Federal Reserve Bank of St. Louis President James Bullard said Monday.