Washington DC

In a hearing held by the Department of Treasury and Internal Revenue Service, representatives for local governments and public power agencies expressed what they see as essential in getting the most out of the Inflation Reduction Act's tax credits.

Calls the save the tax exemption are sounding as rising U.S. debt to GDP ratios and increased interest rates could point to austerity measures in the near future.

The decision to cut Build America Bond subsidies marks a "multi-billion-dollar broken promise by the federal government," said public power agencies that have sued the United States.

A letter signed by GFOA, NLC and NACo, expressed concerns over the IRS and Treasury's tax credit election, particularly, complexities around pre-filing and compliance.

The disaster in Hawaii highlights the increasing importance of Congress to act on the dwindling budget of FEMA's Disaster Relief Fund.

Doty, 81, touched nearly every facet of the public finance industry over his almost fifty-year career.

A $40 billion White House supplemental funding request includes $12 billion for FEMA's disaster relief fund, but critics say it may be safer to consider the measure alone.

New data indicates residents in high tax states are not moving to cut their tax liability.

Not-for-profit community hospitals are drawing scrutiny for questionable business practices.

A bipartisan bill would amend the federal law on federal disaster assistance by adding extreme heat to the list of eligible events.

Air travel and airport bond ratings are showing strong recovery, data shows, with international passenger travel leading the surge.

"The limited scope of muni debt affected suggests a marginal impact on the muni market, if any," BofA strategists said.

The Tennessee Valley Authority has $19 billion of outstanding bonds and provides power to 10 million people.

The board has added Alexander Chilton, Michael Craft, Pamela Frederick, Wendell Gaertner, and Christopher Kendall, as well as the returning Ernesto Lanza as chief regulatory and policy officer.

Brandon Comer and his firm Comer Capital Group are in talks to settle the Securities and Exchange Commission charges against them ahead of a pretrial conference Nov. 17.

The House and Senate remain at least $120 billion apart on fiscal 2024 spending levels.

During its quarterly board meeting, the MSRB approved its controversial one-minute trade reporting window and approved a $47 million budget for FY 2024.

The action does not have immediate implications for municipal issuers but could give the muni market a sense of how the SEC is beginning to think about cybersecurity risks.

A Senate Budget Committee hearing Wednesday examined the fiscal consequences of preparing infrastructure for climate change.

The organization's first ever recommended best practices for State Revolving Funds will be available for public comment through Sept. 30.