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Transit agencies across the country are being forced to deal with new trends in ridership, new travel patterns, and dwindling federal funds from pandemic- related relief that make the next few years crucial for bringing our nation’s transit system into the new world. That was the takeaway from the House Transportation and Infrastructure Committee hearing

Federal Reserve Bank of Cleveland President Loretta Mester said she still sees inflation risks as tilted to the upside despite welcome news in the latest data. Mester, speaking in print and television interviews Friday at Bloomberg’s New York office, also said the median projection of policymakers’ latest forecasts — which signaled just one interest-rate cut

The country’s largest public pension fund came under fire Wednesday from House Republicans, who accused the fund of being part of a “climate cartel” that illegally colludes with other investors to try to force companies to reduce their carbon footprint. The California Public Employees’ Retirement System was one of four witnesses called by the Republican

Municipals traded stronger across the yield curve Wednesday, following an early rally in U.S. Treasuries after inflation data came in softer than anticipated. While Treasuries pared back some of those gains after the Federal Reserve held rates steady and the post-meeting statement signaled only one rate cut may come this year and spoke of “modest”

The U.S. Virgin Islands government has hired Ernst & Young to assist financially troubled Water and Power Authority in returning to fiscal health. Earlier this year the Virgin Islands Senate directed hiring a “turnaround company” for the utility and last week the Public Finance Authority selected E&Y from the four finalists. Within 120 days EY

Gov. J.B. Pritzker on has signed Illinois’ $53.1 billion fiscal year 2025 budget, which includes $198 million for the state’s rainy day fund and $182 million for the migrant crisis as well as creating a Department of Early Childhood and an innovation center at the University of Illinois-Springfield and funding the new state-based insurance marketplace.