“President Trump and I had a great meeting to discuss our shared priorities for the President’s second term,” said Bowser. ”President Trump and I both want Washington DC to be the best, most beautiful city in the world and we want the capital city to reflect the strength of our nation.” DC.Gov President-elect Donald Trump and Washington,
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Home Depot navigated a challenging 2024 marked by elevated interest rates and a cautious consumer. But as the year progressed, signs of recovery emerged, setting the stage for a rebound in 2025, fueled by increased housing turnover and pent-up demand in the home improvement market. Year-to-date performance: up 12% Forward price-to-earnings multiple: 25 versus a
A deal backed by United Airlines to finance upgrades at Houston’s George Bush Intercontinental Airport was one of many billion-dollar-plus deals in Texas in 2024.Houston Airport System In a record year for municipal bond issuance, Texas set a record of its own. Issuers in Texas sold $67.88 billion of bonds in 2024, according to LSEG
Enjoy complimentary access to top ideas and insights — selected by our editors. President-elect Donald Trump’s return to the White House has placed public finance leaders on the defensive, as tax policy changes may impact the industry’s investor base, increase borrowing costs and stymie certain infrastructure finance opportunities. Looking to the past offers some insight
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Stay informed with free updates Simply sign up to the US economy myFT Digest — delivered directly to your inbox. Defaults on US credit card loans have hit the highest level since the wake of the 2008 financial crisis, in a sign that lower-income consumers’ financial health is waning after years of high inflation. Credit
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Poland aims to complete a border wall and seal off its border with Belarus by next summer, in order to stop an influx of migrants Warsaw describes as Russia’s hybrid war. The additional infrastructure works
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Vladimir Putin has apologised to Azerbaijan for what he described as a “tragic incident” involving an Azerbaijani aircraft in Russian airspace on Christmas Day. Moscow phoned Azerbaijani president Ilham Aliyev and the Russian president expressed
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. US tech stocks slid lower on Friday as investors pivoted away from companies that had led markets higher for much of this year. The S&P 500, Wall Street’s main equity benchmark, dropped 1.6 per cent
Oregon Gov. Tina Kotek has been working furiously the past 30 days launching her budget proposal and closing the door on a special session to deal with costs associated with a record-breaking 2024 wildfire season.Oregon Governor’s Office It’s been a busy 30 days for Oregon Gov. Tina Kotek. Since Thanksgiving, she has approved legislation drafted
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The national airlines of Azerbaijan and Kazakhstan have suspended some flights to Russia after evidence suggested an Azerbaijani plane had been downed by Russian air defence systems. The Kazakh airline, Qazaq Air, said on Friday
“This ruling protects critical funding that helps us provide public safety, infrastructure and other essential services for our residents,” Round Rock Mayor Craig Morgan said.City of Round Rock, Texas A Texas judge ruled largely in favor of six cities that sued the state comptroller over a move that would have cost them millions of dollars
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Russian anti-aircraft fire may have caused a plane to crash in Kazakhstan on Christmas Day, according to defence experts and officials in the region. The Azerbaijan Airlines flight was en route from Azerbaijan’s capital Baku
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Finnish authorities are investigating an oil tanker that is part of Russia’s shadow fleet over whether it cut an electricity cable between Finland and Estonia. The Eagle S was stopped by Finnish authorities after the
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. China has stepped up a nationwide campaign to convince single people to date, marry and have children as Beijing grapples with an increasingly severe demographic crisis. Local governments are cold-calling married women to ask about
Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. Russia has carried out a Christmas Day attack on Ukraine’s energy system, leaving more than half a million consumers without heating, water and electricity. Ukrainian President Volodymyr Zelenskyy said the attack, the 13th large-scale
Laura Dougherty, staff attorney for the Howard Jarvis Association, was granted a one-month extension to Jan. 31 to file briefs in the case against San Jose.Howard Jarvis Taxpayer Association The California Supreme Court agreed to an extension for filing briefs in San Jose v. Howard Jarvis Taxpayer Association, the primary case challenging cities’ use of
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Syria’s rebel factions have agreed to disband and become part of the interim government’s defence ministry as the new administration rushes to consolidate power within revamped institutions. The new government’s commander-in-chief Ahmed al-Sharaa — former
A housing development in the Denver suburbs. Infrastructure for most new residential development in Colorado is financed through metropolitan district bonds.Bloomberg News A flurry of first time and repeated technical bond defaults by Colorado metropolitan districts in December is raising concerns about the debt, which finances public infrastructure such as roads, sewers, parks, and recreation
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Joe Biden has stamped his legacy on the federal bench after Senate Democrats raced to confirm more than 200 nominees to lifetime appointments in courts across the US, outpacing Donald Trump’s tally during
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