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While the cost of caring for older people can pressure municipal issuers, in states like Florida wealthy seniors can also contribute to economic vibrancy.

If the shutdown lingers, disruption to key economic data releases could increase market uncertainty, said Tom Kozlik of HilltopSecurities.

Summit Utilities Oklahoma used reserve funds to help cover an Oct. 1 payment on taxable bonds sold in 2022 through the Oklahoma Development Finance Authority.

SIFMA looks forward to "the SEC approving this rate card, and the resulting fee reductions," Leslie Norwood said.

Supply is expected to rebound in October, when BofA Securities estimates that issuance will reach $58 billion.

Sophisticated issuers and investors shared insights into how they navigate the complexities of the municipal bond market at The Bond Buyer Infrastructure event.

The Congressional Budget Office said Tuesday that federal agencies would lose $400 million each day during a shutdown.

Four hired as counsel and seven other staff members are bulking up the team's D.C. and New York offices. 

Two months after property tax payments would normally be due, Cook County, Illinois, is still struggling to send out accurate bills for the second part of 2024.

Nearly $29 billion of the $30 billion cap has been allocated, said Morteza Farajian, director of the Department of Transportation's Build America Bureau.