Washington News from Bond Buyer

Executive Director Gene Seroka said the port's downstream prospects are unclear as it deals with the "tariff whipsaw effect" from the Trump administration.

"We supported the approved rule change and are extremely disappointed that the MSRB is now proposing to halt the progress it had been making toward full and complete transparency in the municipal securities market," Dimensional Fund Advisors officials said in a letter.

The House Appropriations Committee kicks things off with markups of three infrastructure-related funding bills this week, including transportation.

The comprehensive federal tax bill President Trump signed July 4 is credit negative for universities, Moody's Ratings said.

Most states have already enacted their budgets for the fiscal year as the effects of Medicaid restrictions and tax policy changes in the One Big Beautiful Bill are being analyzed and raising concern.

Isaak Bond Investments has agreed to pay a $20,000 fine to settle allegations brought by the Financial Industry Regulatory Authority.

The layoffs will mean a hit to basic services and the cancellation or delay of projects.

"I've always really enjoyed what I do," said Henry, who began doing legal work involving municipal securities in 1981.

The dueling lawsuits underscores the need for alternative dispute resolution in public-private partnership contracts, said a P3 attorney.

Without the increase U.S. Virgin Islands matching funds bonds would have defaulted in the next few years, some observers said.

California local, state and federal officials blasted the Trump administration and congressional GOP for blocking supplemental recovery aid after the wildfires.

The budget traveled a bumpy road before a package of spending bills won final passage just days before the July 1 start of fiscal 2026.

Markets are "tilting to a risk-off posture as participants brace for the chance of Trump tariff-sparked turbulence in the coming hours and days," said José Torres, senior economist at Interactive Brokers.

The policy shift may crowd out some projects, warned Baruch Feigenbaum, senior managing director of transportation policy at Reason Foundation.

Housing advocates are celebrating the passage of the One Big Beautiful Bill for the boost in Low Income Housing Tax Credits which is projected to boost the use of private activity bonds.

Market participants launched the largest lobbying effort in recent memory to protect municipal bonds and got what they wanted as the tax-exemption survived.

Oregon Department of Transportation leaders said they will begin layoffs Monday after lawmakers adjourned without passing a transportation funding bill.

"If you are seeking the services of a municipal advisor, it would be helpful to use the term municipal advisor in your RFP/Qs," said Sanchez, director of the SEC's Office of Municipal Securities.

As the Senate-approved version of the reconciliation bill bounces back to the House, the SALT caucus that was key to its passage takes a look at SALT provision changes.

The addition of Turner-Bond as a partner will deepen Orrick's public finance practice's P3 expertise.