Rep. Steven Horsford is expected to fill the vacant seat on the Ways and Means Committee that was left open after the passing of Rep. Bill Pascrell last month. In order to officially take on this new role, Horsford will need to be nominated by his party’s Steering and Policy Committee and approved by the
Politics
In recent reports, it has been noted that inflation has been showing signs of easing, especially in the personal consumption expenditures (PCE) index, which is the Federal Reserve’s preferred pricing index. The PCE index for July revealed a 2.5% increase over the previous year, while the core PCE, which excludes food and energy, was up
Recently, a business group took a bold step by filing a lawsuit to challenge the constitutionality of a Texas law that penalizes banks and financial firms for boycotting the fossil fuel industry. The lawsuit argues that this law infringes upon free speech and association rights protected under the First and Fourteenth Amendments of the U.S.
The recent special session of the Colorado Legislature concluded with the passing of House Bill 1001, aimed at addressing property tax cut initiatives that were creating concerns in the state’s municipal bond market. This bill was a result of a negotiated deal with the backers of Initiatives 50 and 108, who agreed to withdraw their
The idea of a national infrastructure bank was pitched to delegates and other political figures at the Democratic National Convention by supporters who believe in its potential to address the nation’s growing infrastructure needs. The National Infrastructure Bank Coalition made efforts to raise awareness about the bill proposed by Rep. Danny Davis, D-Illinois, and emphasized
The potential transfer of ownership of the RFK stadium site from the federal government to the District of Columbia seems to be stuck in limbo, as major players are grappling with obstacles. Issues surrounding the upcoming election have diverted attention away from this crucial deal, as noted by Josh Harris, managing partner of the Washington
The city of Sparks in Nevada has put forth an ambitious plan to construct its first toll road spanning a distance of 13 miles through a public-private partnership (P3). This proposal, if approved by state lawmakers, would mark a significant development for the region. The estimated cost of this project is around $500 million, and
Denver voters will soon have the opportunity to vote on a sales tax hike on the Nov. 5 ballot. The proposed tax increase, set at 0.5%, aims to raise approximately $100 million annually. This additional revenue could be used to support bonds for affordable housing in the city, which has been facing a shortage of
Federal Reserve Board Gov. Michelle Bowman recently expressed her reservations about the potential for an interest rate cut at the upcoming Federal Open Market Committee meeting. In her address to the Alaska Bankers Association, Bowman highlighted her concerns about the current level of inflation, which she described as “uncomfortably” high. She emphasized the need to
Colorado Governor Jared Polis has announced a special legislative session scheduled for August 26 to address proposed ballot initiatives that could have negative impacts on public financing, education, and local government funding in the state. The Governor emphasized the urgency of the situation, highlighting the potential risks associated with inaction. Initiative 50, set to be