The latest data released by the Bureau of Economic Analysis indicates that inflation is showing signs of easing, with the Personal Consumption Expenditures (PCE) index coming in at 2.5% over the same point last year. Core PCE, which excludes food and energy, saw a year-over-year increase of 2.6%. These numbers are quite stable compared to
Politics
Recently, a business group has filed a lawsuit in federal court in Austin, Texas, challenging the constitutionality of a 2021 law that penalizes banks and financial institutions for participating in a “boycott” of the fossil fuel industry. The lawsuit argues that the law infringes on the free speech and association rights protected under the First
The recent special session of the Colorado Legislature came to a close with the approval of House Bill 1001, aimed at addressing property tax cut initiatives that were causing concern in the state’s municipal bond market. This bill, which received bipartisan support, signifies a significant step towards easing tensions surrounding property tax issues in Colorado.
Supporters of a national infrastructure bank have been advocating for the establishment of one, with a bill by Rep. Danny Davis, D-Ill., that would set it up. The pitch for this idea was made to numerous delegates and politicians at the Democratic National Convention, aiming to capitalize on the increasing momentum for the issue. During
The negotiations surrounding the transfer of ownership of the RFK stadium site from the federal government to the District of Columbia have hit a roadblock, with major players expressing concerns over the current political climate. Josh Harris, managing partner of the Washington Commanders, highlighted that the focus on the upcoming election has shifted attention away
The city of Sparks, located east of Reno, has put forth a groundbreaking proposal for Nevada’s first toll road. The proposed 13-mile toll road would be developed under a public-private partnership (P3) model, something that is not currently allowed under Nevada law. The estimated cost for this project is $500 million, and the city manager
Denver is facing a critical shortage of affordable housing, with Mayor Mike Johnston proposing a 0.5% sales tax hike to raise about $100 million annually. This measure is aimed at addressing the housing crisis in the city and providing a solution for nurses, first responders, teachers, seniors, and working families who are struggling to afford
Federal Reserve Board Gov. Michelle Bowman recently expressed her hesitancy to support an interest rate cut at the upcoming Federal Open Market Committee meeting. In her speech to the Alaska Bankers Association, Bowman highlighted her concerns about the persistent high levels of price growth, indicating that she remains cautious about the potential resurgence of inflation.
Colorado Governor Jared Polis has called for a special legislative session on August 26 to address further property tax cuts. This action comes in response to proposed ballot initiatives that could have a significant negative impact on public financing, education, and local government funding in the state. Governor Polis emphasized the importance of taking action,