Washington

The District of Columbia’s proposed six-year capital improvements plan includes $6.3 billion in infrastructure spending, nearly $4.3 billion of which will be financed with the issuance of municipal bonds.

The National Development Council is highlighting what it describes as its proven “American model” for social infrastructure public-private partnerships, which uses tax-exempt bonds.

Washington's legislature adjourned after passing modest adjustments to the state's previous two-year budget while taking money from an account used to help fund municipal finance deals.

In the Flint, Mich., case, Congress seems to be making clear it will increase its criticism of state and local leaders, but avoid any fiscal or moral responsibility.

Mississippi state senators approve a placeholder measure that keeps a proposed gas tax increase on the table.

The best execution rule, which took effect this week, may solidify a market shift concentrating retail customers in a few large firms, while others seek just to keep their institutional business running smoothly, market participants said.

Rep. Devin Nunes, R-Calif., this week re-introduced legislation that would bar the federal government from bailing out state and local pension systems and would require state and local governments to file annual pension plan reports with the Treasury or risk losing their ability to issue tax-exempt bonds.

Several of the Supreme Court Justices seemed sympathetic with Puerto Rico’s complaints that a federal appeals court ruling striking down its debt recovery law for its utilities leaves it “in a no man’s land” where it “is not entitled to the benefits,” but “ is subject to the burdens” of Chapter 9.

Sierra Club and other environmental groups filed a federal lawsuit to stop Colorado’s $1.8 billon P3 rebuild of I-70.

Blue ribbon panel studying Seattle area’s road funding needs says mileage fee is most sustainable revenue option.

For the first time in the municipal securities market, the Securities and Exchange Commission on Tuesday charged a municipal advisory firm, its chief executive officer, and two of its employees for breaching their fiduciary duty by failing to disclose a conflict of interest to a municipal client.

Senate Democrats on Tuesday introduced another bill that would give Puerto Rico broad debt restructuring capabilities.

Washington electric utility Energy Northwest will sell nearly $500 million of refunding bonds later this month.

Presidential candidate Sen. Bernie Sanders released a plan for Puerto Rico on Monday that proposes extending Chapter 9 bankruptcy protections to the commonwealth’s municipalities and contains several healthcare and environmental initiatives.

A two-year reauthorization of the Federal Aviation Administration under consideration this week by a Senate committee would provide more federal funding for runways and other infrastructure while keeping the revenue source used to back bonds financing terminal projects at its current level.

Bond lawyers on Thursday criticized the political subdivision rules recently proposed by the Treasury Department and Internal Revenue Service, claiming they would trample states’ rights, alter the landscape for public financing, and jeopardize the tax-exempt status of millions of dollars of municipal bonds.

Puerto Rico Gov. Alejandro García Padilla said a senior member of U.S. House Speaker Paul Ryan’s legislative delegation reaffirmed a commitment to prompt action that would give the commonwealth the tools for a debt restructuring.

Washington State Treasurer James McIntire wants Treasury and the Internal Revenue Service to create a safe harbor for competitive sales of muni bonds in their re-proposed issue price rules.

A $1 trillion shortfall in public pension plans is rooted in poor governance, think tank Manhattan Institute for Policy Research reported.

Organizers of a muni conference that features academics, market practitioners, public officials and regulations are rebranding the event and moving it from Boston to Washington.