Washington DC

Portfolio managers seem more sanguine about threats to the tax exemption from Congress.

The deeper the proposed cuts, the more the municipal market fears for the fate of tax-exempt bonds.

Audit activity in the municipal market ebbs and flows with the IRS budget.

Lawsuits are mounting against the Trump administration's aggressive actions to cut federal spending.

Hilltop and other firms say more recent SEC off-channel communications settlements eliminated "costly and burdensome" requirements that were imposed on them.

Texas Sen. John Cornyn remains a supporter of private activity bonds, his staff told BDA.

The directive appears to apply to discretionary grant programs and not state formula funds.

Transportation officials and lawmakers are exploring the road ahead for the Highway Trust Fund, electric vehicle user fees, and the reauthorization of the surface transportation bill as friction over funding mounts.

The muni industry is trying to get to the bottom of questions around how the House arrived at savings estimates for eliminating the tax exemption.

The Treasury department aims to stand it up within the next 12 months.

Issuers, trade organizations, and investors team up to fight the threat to the tax-exempt status of municipal bonds by laying out its effect on borrowing, the housing market, and infrastructure costs.

MSRB believes "it's an appropriate time" to launch a holistic review of its municipal advisor rules, CEO Mark Kim said.

Dealer groups are urging the Municipal Securities Rulemaking Board to change the way it charges fees to municipal advisors.

A group of Democratic states Thursday filed a fresh motion for an injunction, arguing the administration may continue to freeze federal funds despite the recission.

Municipal market advocates plan to use the data to support the case to Congress for preserving the tax exemption.

MSRB Chair Warren "Bo" Daniels stressed the importance of issuer feedback as beta testing for the modernized EMMA website continues.

The ruling came as the White House issued follow-up guidance saying only affect a portion of federal funds would be affected and that the pause could be as brief as a day.

A group of Democratic states as well as a national association representing not-for-profit organizations said they would sue to block the move.

The former U.S. Representative has said he would focus on road safety and cutting red tape.

The lobby trying to protect the tax exemption is working overtime as the threat appears very real.