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Federal Reserve Chairman Jerome Powell said the U.S. economy is in a favorable place but faces “significant risks” as growth abroad slows amid trade uncertainty.

WASHINGTON — Sales of new U.S. homes fell a sharp 12.8% in July as higher prices and limited inventory sidelined would-be buyers.

The European Union won’t clinch a trade deal with the U.S. by Nov. 1 as originally targeted, according to the bloc’s chief trade negotiator.

China announced plans to impose additional tariffs on $75 billion of American goods including soybeans, automobiles and oil — retaliation for President Donald Trump’s latest planned levies on Chinese imports that sent U.S. stock futures tumbling.

Negotiations are well underway in Michigan government as legislative Republicans and Gov. Gretchen Whitmer look to reach a compromise on the state budget, an issue closely tied this year to finding more money for fixing the roads.

Most of the nation’s largest seaports are reporting record cargo volume amid stalled trade negotiations between the United States and China.

BEIJING — China appealed to Washington on Aug. 22 to “meet each other halfway” and settle a trade war instead of going ahead with planned tariff hikes that Beijing warned will trigger retaliation.

MADISON, Wis. — Madison Gas & Electric is partnering with Lyft to promote the use of electric vehicles.

The Tennessee Court of Appeals has ruled that Navistar Inc. does not have to pay Tennessee trucking company Milan Supply Chain Solutions an estimated $31 million, reversing a 2017 jury decision.

Fruitful partnerships between state departments of transportation and metropolitan planning organizations depend on communication, collaboration and inclusion, according to transportation experts.