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TIFIA Loans Carry Pluses and Perils, Fitch Says
Federal TIFIA loans and similar programs will become more prevalent as conventional highway grants shrink, according to Fitch Ratings, which says TIFIA loans have pluses and minuses for borrowers and other investors.
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Though the municipal market has recently been focused on primary market disclosure compliance, dealers should expect the Securities and Exchange Commission to start policing the secondary market just as diligently, former SEC enforcement lawyer Peter Chan told The Bond Buyer.  more »
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Convicted bid-riggers Peter Ghavami, Michael Welty, and Gary Heinz are urging a federal appeals court to overturn a lower court's decision on the basis of an expired statute of limitations, improper testimony, and other alleged errors in their earlier trial, but the federal government is arguing the lower court was correct to punish the former UBS AG executives.  more »
Most states have made major investments in corrections, raising prison populations to historic highs, while they have spent far less on educating children and young adults, the Center on Budget and Policy Priorities found in a report.  more »
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Business tax professionals expect tax reform in the next several years, with 2017 being the most likely year for enactment, the latest Tax Reform Business Barometer from The Tax Council and Ernst & Young LLP found.  more »

Americans are suffering the consequences of Congress, governors and legislators across the U.S. pushing the burden of today's costs onto the backs of tomorrow's taxpayers by repeatedly putting off infrastructure repairs and new construction.

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