Scott Sowers is a reporter based in the Washington, D.C., Bureau where he covers ESG issues, cyber-crime, lobbying, and taxation. Prior to joining The Bond Buyer he freelanced for The Washington Post, The New York Times and The Atlantic writing about real estate. Other areas of expertise include architecture, design, energy, housing policy, automotive, and the utilities.
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Muni advocates resist some of the arguments for eliminating the tax-exempt status of municipal bonds espoused in a new book by infamous Wall Street whistleblower Michael Lissack.
April 24 -
Moody's Ratings cut the issuer rating for the District of Columbia to Aa1 with a negative outlook, which the city CFO blames on federal workforce reductions and weakness in the commercial real estate market.
April 24 -
As the municipal bond community rallies around protecting the tax-exempt status of munis, alternative viewpoints emerge for why it should be eliminated.
April 22 -
Congress has hit the pause on Washington, D.C.'s budget process as a framework for transforming the RFK Stadium site into a viable $3.2 billion NFL venue emerges including the possibility of tapping $856 million in public funds.
April 21 -
With the threat to tax exempt municipal bonds looming in a Congress searching for pay-fors, private activity bonds supporting hospitals and higher education are high on the list of potential first targets.
April 17 -
Housing advocates concerned about the fate of private activity bonds are working on strategies for getting PABs and tax-exempt munis off the table while Congress searches for ways to pay for tax cut extensions.
April 16 -
Congress leaves town for a two-week recess without settling a financial dispute with the District of Columbia over which budget they are allowed to use as the mayor's financial team announces plans to exercise a 2009 law that will boost a supplemental budget by 6%.
April 14 -
Democrats on the House Ways and Means Committee announced a new bill that would restore the power of applying tariffs back to Congress amidst accusations of market manipulation and political ineptitude by the Trump administration.
April 10 -
Some congressional Republicans are concerned taxpayers aren't getting a good return on their investment in transit, as lawmakers gear up for work on a new transportation bill.
April 9 -
The Affordable Housing Credit Improvement Act is reintroduced in the House of Representatives with bipartisan support to increase the development of affordable housing by leveraging private activity bonds and loosening restriction on Low Income Housing Tax Credits.
April 9
