The Federal Open Market Committee (FOMC) has made headlines by opting to keep interest rates firmly within the 4.25% to 4.5% range. This decision is indicative of a growing trepidation surrounding the economic landscape, characterized by climbing inflation and rising unemployment fears. Analysts and economists alike are increasingly skeptical, positing that a cut in rates
Politics
In recent months, the U.S. Department of Transportation (DOT) has made headlines with its announcement to unleash a potent $3.2 billion funding package for critical infrastructure projects. This move, spearheaded by Transportation Secretary Sean P. Duffy, aims to reinvigorate a stagnant construction landscape that has been riddled with delays and bureaucratic red tape. Duffy’s assertion
In an exhilarating turn of events that has sent ripples of optimism through the streets of New York City, the Metropolitan Transportation Authority (MTA) is on the verge of a significant revival thanks to the newly ratified state budget deal. Under the leadership of CEO Janno Lieber, the MTA is now poised to address an
In a bold move, President Trump has unveiled a budget proposal that suggests $163 billion in spending cuts for the upcoming fiscal year. This decision has sparked intense discussions across multiple sectors, especially in aviation. While the transportation sector has long been recognized as the backbone of our economy, the proposed cuts could jeopardize crucial
In a striking turn of events within the House Transportation and Infrastructure Committee, the Republican budget reconciliation bill has sparked a firestorm of criticism, highlighting a disconcerting trend of negligence when it comes to funding critical infrastructure. The decision to drop a proposed $20 annual vehicle registration that aimed to bolster the long-struggling Highway Trust
In today’s economic climate, the rising costs of housing demand urgent attention. Critics often sound off about inflation eroding purchasing power, but the reality is more alarming than mere numbers on a report. With a national housing inflation rate pegged at 4%, and an even steeper spike of 4.5% in the Pacific Northwest, many Americans
In a bold display of executive power, President Donald Trump has instructed the Justice Department to create a list of cities and states he deems non-compliant with federal immigration laws. This order marks Trump’s 142nd executive action in just 100 days, a staggering number that underscores his tenacity but also raises alarm bells over federal
In a move reminiscent of political chess played under a pervasive cloud of financial uncertainty, Washington state lawmakers emerged after a tumultuous session to approve a staggering $77.9 billion budget. The fiscal constraints of a $16 billion projected deficit loomed large, which was exacerbated by declining state revenue forecasts and anticipated cuts in federal support.
In a significant move against President Trump’s authoritarian approach to trade, Oregon has taken a brave step by joining eleven other states to file a lawsuit aimed at halting his overreaching tariffs. This lawsuit, spearheaded by Oregon Attorney General Dan Rayfield, underscores a critical constitutional principle: Congress, and not the executive branch, should maintain the
In recent discussions at the Municipal Securities Rulemaking Board (MSRB) meeting, the air buzzed with anticipation as stakeholders awaited the potential transformations to the MSRB’s rate card. Scheduled on April 23 and 24, the quarterly board meeting unveiled a pivotal moment in the regulatory atmosphere of fiscal year 2025. As a self-regulatory entity overseeing the