Washington DC

"These municipal bond schemes improperly divert new issue bonds to bad actors at the expense of bona fide retail investors," FINRA's Meghan Ferguson said.

Democrats said they've paused negotiations until the administration relaxes its anti-clean energy stance.

Public finance advocates are trying to interpret mixed signals about plans to pass a major reconciliation bill that could put the threat to the tax-exempt status of munis back on the table.

MSRB CEO Mark Kim described GFOA's letter suggesting changes the MSRB could make as "very constructive, very valuable."

Bond advocates are watching the appropriations process while the possibilities of a Farm Bill and surface transportation reauthorization may offer openings for restoring advance refunding and raising the BQ cap.

It could signal the issuer did not get the best price during a negotiated deal, officials said.

The House rallied to pass a minibus of appropriations bills ahead of the Jan 30 deadline including most of what the public transit sector wanted.

Former WMATA CFO Yetunde Olumide has joined the MSRB as its chief financial officer.

"Compliance should never feel like a game of gotcha," SEC Chairman Paul Atkins said.

A letter outlining the industry's priorities marks the PFN's first official act under a new nonprofit status.

Another government shutdown later this month may be averted.

A squabble between the U.S. Department of Transportation and the state of Maryland appears to be moving towards a resolution which effects two major bridges in the Washington D.C. – Baltimore region.

"There are big credit differences between Chicago and New York City," said an investor.

As Congress hammers away on a surface transportation bill, counties are fighting for a seat at the table while reckoning with dwindling gas tax revenues.

The Maryland Department of Transportation's acting secretary said the bill would provide "greater transparency and accountability in transportation spending decisions."

The RFC asks a number of questions about the dealer supervisory rule.

"BNY is pleased to have resolved this matter," a BNY spokesperson said.

The "Making the American Dream Affordable Again" roadmap makes no mention of tax-exempt bonds.

"I don't think this topic is necessarily gaining traction as an enforcement matter," said Andrew Kintzinger, counsel at Hunton Andrews Kurth LLP.

The compromise bill rejects the Trump administration's effort to rescind $16.5 billion of IRS funding that comes from an $80 billion infusion in the Democrats' 2022 Inflation Reduction Act.