Caitlin Devitt

The muni market finances the "fabric of our nation, and now, because of Citi's exit, the cost of financing for state and local governments is going to go up," a sell-side source said.

Ohio last week opened the first, and so far only, electric vehicle charging station funded under the Bipartisan Infrastructure Law.

Joe Ferguson, who served as Chicago's inspector general under three mayoral administrations, replaces Laurence Msall, who died earlier this year.

Nuveen's marquee fund has seen the worst performance among the largest high-yield funds so far this year.

Friday's S&P upgrade to triple-A follows similar moves by Moody's Investors Service last week and Fitch Ratings last year.

California's high-speed train is "facing a lot of the challenges that come with being the very first at anything," said Transportation Secretary Pete Buttigieg.

It's the second try for the bill, which Sen. Dick Durbin, D-Ill., first introduced in 2021.

Republicans have repeatedly criticized the California high-speed rail project as a waste of taxpayer money.

Cities and states are eligible to apply for the program, which gives eligible solar and wind facilities in low-income areas increased investment tax credits of 10% or 20%.

The delays have led to a technical default by the design-build contractor on the $450 million project to design, finance, build, operate and maintain the Thruway's 27 service areas.

Moody's, which last rated the state triple-A in 1979, pointed to an economy that's "poised for diversification and growth."

A significant chunk of the costs will be passed to ratepayers, experts said.

The White House is set to announce whether the controversial high-speed project will win a major rail grant by the end of the year.

The city may also issue an RFP for underwriters, though the timing is not set, said CFO Jill Jaworski.

The project was to have been the first small modular reactor technology in the U.S.

States are required to reduce vehicle-related greenhouse gas emissions under the rule that was finalized last week.

Well-known municipal restructuring and P3 attorney Karol Denniston, the Global Projects Partner at Squire Patton Boggs, talks with infrastructure reporter Caitlin Devitt about the growing popularity of predevelopment agreements as well as the P3 pipeline and legal challenges like the University of Iowa's litigation over its 50-year energy concession. (38 minutes)

The retirement proposal also attempts to clarify the definition of riskless transactions, which are common in the muni market.

The projects range from airports to ports and transit-oriented development.

Bennett joins the university as associate vice president of finance under CFO Ivan Samstein, former Cook County CFO.