The Latest

Meanwhile, settlements in New York and California cases may be near.

The House Transportation and Infrastructure Committee renews a push for major FEMA reform that's endorsed by local governments while the Senate attempts to influence change from within the agency.

The grace periods are getting shorter.

The state's Republican governor and legislative leaders ordered 3% cuts for the next biannual budget as they announced their priorities for the 2027 session.

The district is planning to bring $1.17 billion of revenue bonds to the market next week.

The focus on Wednesday has been on the primary market, particularly the six-part $2.4 billion deal from the New York State Thruway Authority, which came a little wider than where the issuer had been trading in the secondary market.

"Currently, we are spending a lot more time of our day in the regulatory space in responding to proposed rules and changes," GFOA's Paige Mellerio said.

Federal Reserve Gov. Lisa Cook said risks, including geopolitical tensions, are tilted toward higher inflation in the near term.

Advocates in Congress are now looking at the possibilities for the Modernizing Agricultural and Manufacturing Bonds Act offered by a third reconciliation bill, a lame duck session, or Trump-propelled legislation early next year.

Market Intelligence analyst Jeff Lipton says cyber preparedness has become a key credit signal for muni investors, with issuer readiness potentially affecting borrowing costs, liquidity, capital market access and confidence in timely debt service.