Inflation continued to show signs of easing in the Federal Reserve’s preferred pricing index, setting the central bank up to cut interest rates for the first time in more than four years next month. The personal consumption expenditures, or PCE, index for July came in at 2.5% over the same point last year, according to
Politics
The recent lawsuit filed by the American Sustainable Business Council against Texas Comptroller Glenn Hegar and Attorney General Ken Paxton in federal court in Austin sheds light on the controversial nature of a 2021 Texas law targeting financial firms. This law, which penalizes banks and other financial institutions for “boycotting” the fossil fuel industry, has
The recently concluded special session in the Colorado Legislature had far-reaching implications, particularly with the passage of House Bill 1001 aimed at addressing property tax cut initiatives that caused concern within the state’s municipal bond market. This article will delve into the details of the session and analyze the implications of the bill on various
During the Democratic National Convention, supporters of a national infrastructure bank, led by Rep. Danny Davis, D-Ill., passionately advocated for the establishment of a $5 trillion national bank. The main goal behind this initiative is to provide loans to public entities for financing, developing, or operating eligible infrastructure projects. This proposal has gained significant traction
The transfer of ownership of the RFK Stadium site from the federal government to the District of Columbia seems to be stuck in a political limbo. Despite bipartisan support in Congress for the “D.C. Robert F. Kennedy Memorial Stadium Campus Revitalization Act,” the legislation has been stagnant in the Senate since May. The major players
A recent proposal by the city manager of Sparks, Nevada, has caught the attention of many as it suggests the implementation of the city’s first toll road. The 13-mile toll road would be developed under a public-private partnership model, which would require approval from state lawmakers due to current regulations prohibiting fees on roads involved