In the constantly evolving landscape of the American economy, the Federal Reserve (Fed) operates with a pressing responsibility: to regulate interest rates in a manner that fosters economic growth while maintaining price stability. As the year approaches its end, recent comments from Fed Governor Christopher Waller suggest that the Fed may soon consider a reduction
Politics
As Congress returns to Capitol Hill in the coming week, the focus will shift to wrapping up the 118th Congress amid significant legislative undertakings. With a deadline looming for government funding and national defense authorization, lawmakers are confronted with pressing decisions that could have lasting implications. The lame-duck session, concluding on December 20, is primarily
On a harrowing note for fiscal oversight, Moody’s Investors Service has downgraded the issuer and general obligation bond rating of Manhattan, Kansas, from Aa3 to A1. This shift is crucial, reflecting concerns about the city’s financial health due to delays in providing essential audited financial statements. The bond rating cut introduced on the day after
The recent approval by the Washington, D.C., City Council for substantial funding aimed at modernizing key sports venues underscores a critical shift in the city’s approach to economic development. With an investment surpassing half a billion dollars for the renovation of Capital One Arena, which serves as the home for the National Basketball Association’s Washington
In the wake of several devastating hurricanes, the American Public Transportation Association (APTA) has taken a decisive stance, urging Congress to allocate at least $57.5 million in emergency funds to the Federal Transit Administration. This plea stems from the pressing need to assist transit agencies across the United States in recovering from the destructive impacts
In the wake of President-elect Trump’s nomination of Scott Bessent for the position of Treasury Secretary, the municipal bond market is abuzz with both optimism and apprehension. Bessent, who leads the Key Square Group hedge fund, brings a wealth of experience and insight into market dynamics that could significantly impact tax policy and the financial
As climate change becomes an undeniable reality, related infrastructure challenges are poised to escalate dramatically over the next decade. With extreme weather events becoming more frequent and severe, states across the United States are scrambling to find effective ways to finance the necessary upgrades to their infrastructure. A recent report from Pew highlights the increasing
The ongoing discussions about tax policy in the United States represent a critical juncture, especially as key governmental shifts are set to occur with Republicans assuming a stronger position in Congress. At the forefront of this debate is incoming Senate Banking Committee Ranking Member, Senator Elizabeth Warren, who has leveled stark criticisms against the 2017
The ongoing struggle between the Pinellas County Commission and the Tampa Bay Rays has reached a critical juncture, with tensions visibly escalating over the financing of a new stadium. Recent developments have cast a shadow over the future of both the team and its annual plan to deliver a new ballpark by 2028. The Rays,
In a significant development for the future of U.S. infrastructure, President-elect Donald Trump has announced his intention to nominate Sean Duffy, a former Congressman and current Fox News personality, to lead the Department of Transportation (DOT). Trump’s endorsement of Duffy aligns with his vision for a transformative approach to American travel, which he characterizes as