The prospect of three consecutive negative total return years, a GAO ruling giving congress the power to review the DoT's multimodal discretionary grant funding opportunity, and a proposed new tax on electric vehicles are among the latest developments in the Capitol that the industry is watching.
Read our roundup below for more on these stories and other muni finance news coming out of D.C.
In the last few weeks projections from LUMA Energy indicate the authority can afford to pay more bond debt, opposing bond parties say.
While munis were steady Tuesday, yields have risen over the past several weeks as "larger supply is part of a strong [year-to-date] trend for tax-exempts," said Matt Fabian, a partner at Municipal Market Analytics.
The firm violated MSRB Rules G-15 on confirmation, G-8 on books and records and G-27 on supervision, FINRA found.
Subcommittee Chair Rep. Steve Womack, R-Ark., asked Buttigieg if the $20 billion of federal commitments for transit projects over the next decade "might create a check we can't cash."
The bill would authorize $105 billion in appropriations through 2028 but still faces a few hurdles in Congress.
The state House easily overrode the governor's veto of a bill aimed at lowering income, sales, and property taxes,but the Senate's attempt failed by one vote.
