Washington DC

President-elect Trump and Washington, D.C., Mayor Muriel Bowser renew relations as the city braces for the inauguration, and a stadium site transfer from federal control which could spur a floodgate of bond issuance.

The resolution marks the end of a yearslong lawsuit.

The public finance community remembers President Jimmy Carter's pivotal roles in the near bankruptcy of New York City, deregulation of the transportation industry, and his contributions to state and local governments.

The new Congress will have a full plate including deciding the fate of the Tax Cuts and Jobs Act and Internal Revenue Service funding in a legislature that's already showing cracks of disagreement.

The Trump administration will bring a shift in infrastructure priorities.

The finally approved continuing resolution steers around the debate to raise the debt ceiling while funding repairs to the toll-supported Key Bridge in Baltimore, reimbursing DC for inauguration costs and transferring the RFK stadium site.

Bond issuers are establishing common reserve funds to spur economic growth while also generating income, but risk is involved.

"Munis are grappling with a storm of uncertainty," said James Pruskowski, chief investment officer at 16Rock Asset Management.

A bipartisan agreement on a continuing resolution to keep the government open fell apart after intervention from President-elect Trump and Elon Musk, raising concerns about federal funds flowing to states, local governments, and infrastructure projects.

A continuing resolution that included federal funding for the repair of the Key Bridge in Baltimore and transferring the RFK stadium site to the city of Washington collapsed under pressure.