Washington

The firm, without admitting or denying the findings, agreed to pay a $60,000 civil penalty.

California Gov. Gavin Newsom said the $202 million grant signals the Biden administration's commitment to "clean, electrified high-speed rail into the heart of some of the largest and fastest growing cities in California."

The embattled Senator has an extensive understanding of public finance issues and has worked with muni groups on important legislation.

The bill is expected to pass this week in a move that would open the flood gates for banks and financial institutions to involve themselves legally in the banking of cannabis profits.

Federal Reserve Bank of Chicago President Austan Goolsbee said it's possible for the U.S. to avoid a recession even as the central bank raises interest rates.

The MAMBA Act would modernize IRS rules affecting private activity bonds.

State and local governments showing strength in a time of financial uncertainty

The Bipartisan Infrastructure Law gives the country "the best start we've ever had," in setting up a national bullet train network, Transportation Secretary Pete Buttigieg told a House panel Wednesday.

As was expected, the FOMC held rates in a range between 5.25% and 5.50%, but the dot plot in the Summary of Economic Projections showed 12 of 19 members expect another 25-basis-point rate hike this year.

The website now shows Bloomberg's yield curve with hourly updates between 9 a.m. and 4 p.m. The move changes EMMA's usual practice of displaying yield curve data from the day before.