Washington DC

The IRS has produced dozens of "issue snapshots" for the tax-exempt bond community, charities and non-profits, retirement plans, Indian tribal governments and federal, state and local governments.

The District of Columbia was praised for tackling the funding needs for maintaining its critical infrastructure by a rating agency concerned about deferral of such maintenance by states and local governments.

New York, New Jersey and Connecticut are the first states to have created charitable funds that taxpayers can contribute to in order to claim a charitable deduction in lieu of paying state and local taxes.

AASHTO Executive Director Frederick G. "Bud" Wright has spent more than 42 years working in the transportation sector.

The muni market officially got much of what it has spent years fighting for on Thursday, when President Trump signed the banking bill that makes tradable, investment grade municipal securities high-quality liquid assets under federal banking rules.

The IRS notice warns that federal law, not state law, controls how payments for federal income tax purposes are characterized.

Muni market groups got a long-awaited win when the House passed banking legislation classifying certain munis as high-quality liquid assets, even if it wasn't as big a win as hoped.

The bank deregulatory bill passed by Congress on Tuesday would also make fewer banks systemically important and close a legal loophole that had allowed banks to defraud Puerto Rico investors.

Lawmakers in the 27-member Florida delegation in the House are divided about whether more private-activity bonds should be used for Brightline's 235-mile passenger rail line.

The IRS is focusing on $435.2 million of Series 2014A senior lien revenue refunding bonds and $75.87 million of Series 2014C second lien revenue refunding bonds.

Rising short-term rates and a lower corporate tax rate have already pushed some municipal issuers out of bank loans and back into the traditional muni space, analysts said.

Facing a May 31 deadline to issue the $1.15 billion of PABs, All Aboard Florida asked the federal transportation agency for extra time to sell the debt.

The National Federation of Municipal Analysts is concerned that a district court ruling on Puerto Rico highway bonds could be a landmark change for the worse when it comes to how investors view revenue bonds.

Public transit agencies have a $90 billion backlog of maintenance, repair and modernization projects.

The Puerto Rico Economic Empowerment Act of 2018 would implement some of the recommendations made by a congressional task force as well as provisions left out of disaster relief legislation, according to the two Republican senators who offered it.

The proposal would establish a standalone rule governing transactions in discretionary accounts, something the board hasn't had in more than 30 years.

The U.S. infrastructure system looks remarkably backwards to many international eyes, and threatens the economy in the long run, experts said on Wednesday.

Local, county and state officials said they took initial steps Wednesday in what will become a much larger contingent of elected officials who will jawbone their federal counterparts with testimonials about the cost savings attributable to advance refundings.

Twenty-two states have not issued any bonds to boost the amount of money available from their clean or drinking water state revolving funds, according to the National Resources Defense Council.

Transportation lobbyists and researchers discussing surface transportation finance during an Infrastructure Week webcast were unanimous in saying that Congress should lift the general prohibition on tolling interstate highways.