Washington DC

The compromise spending bill signed into law by President Biden keeps the government open, but whether that success is a sign of future cooperation isn't clear.

House Speaker Mike Johnson has unveiled a spending package to keep the government funded for the remainder of FY 2024, setting up a tense window for the bill to be passed before the government shuts down on Saturday morning.

The new rules are expected to boost bond issuance.

The House Financial Services Subcommittee on Oversight and Investigations gathered in Tennessee on Monday to discuss the implications of the SEC's newly finalized climate rule.

The traditional tax exemption "does take some of the volatility out," said Mark Ritacco, chief government affairs officer for the National Association of Counties.

The Municipal Securities Rulemaking Board brought four trade groups together to discuss the volatility and allocation of its fees under the now abandoned rate card model.

The Municipal Bonds for America Coalition, headed by the Bond Dealers of America, is putting its lobbying work into overdrive as tax reform begins to show its head as a major legislative priority.

Federal officials are pushing for reauthorization while cities tout their planning.

The American High-Speed Rail Act has seen "some initial interest from Republican lawmakers – I'm working hard to get them on board too," said bill sponsor Rep. Seth Moulton, D-Mass.

The relative health of state treasuries was an area of interest at the National Association of State Treasurers legislative conference.

California's Inglewood Transit Connector Project, Chicago's Red Line extension, New York-New Jersey's Hudson Tunnel and the Second Avenue subway would all win funds under the spending proposal.

The new SEC climate rule does not apply directly to municipal issuers but they may very well be on the hook for violating SEC antifraud provisions if they don't disclose those risks defined in the new rules.

States and local governments can use the funds to hire advisors to consider alternative delivery models for transportation projects.

"Cry me a river, Rep. John Garamendi, D-Calif., told officials testifying about grant funding problems in the infrastructure law. "You guys have never had it so good."

Sam Graves' term leading the Transportation and Infrastructure Committee is up but he is looking to stay on.

According to FINRA, the mispricing resulted in customer harm amounting to $44,927.83, on top of the $90,000 fine.

In President Biden's State of the Union address, he touted the progress he's made on raising corporate taxes while setting up a larger battle for further increases as Trump era cuts are set to expire.

Detroit, which has several climate-friendly projects in the pipeline, is seeking a tax advisor to help navigate snag tax credits in the Inflation Reduction Act.

The nation's capital is a hub of potential sports facility financing.

Sen. Paul's provision would block the central bank from buying state and local debt, a tool that muni advocates say is important to preserve in case of future pandemic-like events.