President Trump is expected to focus on infrastructure in his address to Congress Tuesday amid concern that his $1 trillion 10-year plan may be sidetracked as lawmakers focus on contentious issues like repealing the affordable care act.
The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, fell two basis points to 4.26% in the latest week from 4.28% in the previous week.
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The finances of states and health care providers could be hurt by the House Republican plan for repealing and replacing the Affordable Care Act, Fitch Ratings and S&P Global Ratings said in recent reports. more »
Members of Congress need to be educated about state and local retirement plans for non-government workers before the Senate votes on two joint resolutions next month that could essentially kill them, say retirement experts. more »
House Ways and Means Committee Democrats, worried that Republicans are sabotaging the Affordable Care Act, have asked three federal agencies for information about how they are implementing President Trumps executive order on repealing the law. more »
Companion bills introduced in the House and Senate would allow state and local governments to issue up to $5 billion of private activity bonds to finance the repair or construction of public buildings under public-private partnership arrangements. more »
House and Senate members have reintroduced companion bills that would allow state and local governments to issue up to $5 billion of private activity bonds to finance the repair or construction of schools and other public buildings under public-private partnership arrangements. more »
President Trumps executive order to scale back the Dodd-Frank Act opens the door for regulatory reform that could touch on municipal securities, although any substantive changes to the act would have to be left to Congress. more »
Two Puerto Rico residents are firing back at UBS, saying the firm's challenge in federal court of an $18 million Financial Industry Regulatory Authority arbitration award over losses in Puerto Rico bonds is "a hopeless and baseless attempt at an unwarranted do over." more »
Republican lawmakers aggressive 200-day agenda to overhaul the tax code by August and to repeal the Affordable Care Act, with some replacement by March or April, is certain to worry and mobilize muni market and state and local groups. more »
The District of Columbia Water and Sewer Authority has planned a $300 million bond issuance for next month, $100 million of which will be green bonds used to finance a 25-year sewage cleanup project for D.C. more »
Seven municipal bond groups are urging the Municipal Securities Rulemaking Board to improve the accessibility and usefulness of its Electronic Municipal Market Access (EMMA) platform for market participants. more »
Ohio University sports financing expert and former player agent Bob Boland sifts through the messy issue of bond financing for NFL stadiums and franchise relocation with Bond Buyer northeast regional editor Paul Burton.