(Reuters) -The U.S. deficit-to-gross domestic product ratio has room to come down to the 3% range, Treasury Secretary Scott Bessent said on Wednesday. The deficit-to-GDP, which is the important number, now has a five in front of it, Bessent said at a CNBC event held on the sidelines of the International Monetary Fund and World Bank annual meetings in Washington,...

Washington (Reuters) -The wave of investment into the U.S. economy is sustainable and is only getting started, but the federal government shutdown is increasingly an impediment, U.S. Treasury Secretary Scott Bessent said on Wednesday. There is pent-up demand, but then President (Donald) Trump has unleashed this boom with his policies, Bessent said at a CNBC event held on the sidelines...

WASHINGTON (Reuters) -U.S. retail sales excluding motor vehicles and parts likely posted further gains in September, data from the Chicago Federal Reserve showed on Wednesday, though part of the rise probably reflected higher prices. The Chicago Fed Advance Retail Trade Summary estimated that retail sales excluding autos and parts increased by a seasonally adjusted 0.5% last month after advancing 0.7%...

State lawmakers and transit advocates are pushing to get a transit revenue and reform package across the finish line this month, according to state Sen. Ram Villivalam, D-Chicago, and Amy Rynell, executive director of the Active Transportation Alliance, both of whom spoke at an event in Chicago on Friday. An environmental impact fee on deliveries, a rideshare fee and an...