Washington

It was a busy week for the nation's only publicly funded high-speed train project, which named a new CEO and debuted electric Caltrain cars following the Republican bill that aims to derail the "expensive mess."

The Federal Aviation Administration's fourth round of funding through the Airport Improvement Program covers 320 grants in 46 states.

Treasury's warning "would be absurd if it wasn't so serious," opined the NSSF, the firearm industry trade association.

Grant programs give the administration a degree of control over which projects get funded, similar to earmarks.

Gary Quinzel, vice president of portfolio consulting at Wealth Enhancement Group, gives his views about monetary policy and offers his opinion on the FOMC statement and Fed Chair Jerome Powell's press conference.

Tim Walz will be joining Kamala Harris on the Democratic ticket, bringing issues such as infrastructure investment, the child tax credit and his work in public schools front and center.

The Build America Bureau is poised to release awards for its asset concession program and preliminary guidelines for value-for-money analysis, two key P3 programs authorized under the IIJA.

The amendments to MSRB rule A-12 on registration would cause bank dealers to disclose associated persons, the same requirements that currently apply to non-bank dealers.

Vikram Rai of Wells Fargo is dubious of some widely-held assumptions.

"Decelerating or slowing economic growth has sparked a classic flight-to-quality trade with short-term Treasuries being the prime beneficiary," said Gary Pzegeo, head of fixed-income at CIBC Private Wealth U.S.