Washington

President Obama signed a five-year, $305 billion transportation funding bill on Friday.

Transportation Secretary Anthony Foxx said he expects Congress to agree on a multiyear highway bill by Christmas.

Christopher Brogdon, the retirement home financier who is facing Securities and Exchange Commission charges, has denied being liable for a particularly problematic deal in new filings with a federal court in Georgia.

The Municipal Securities Rulemaking Board's proposed rule changes to lengthen its board members' terms to four years from three has garnered general support from dealer and advisor groups as well as the Securities and Exchange Commission's Office of the Investor Advocate.

Washington State's projected costs have increased by nearly $700 million since the legislature approved the 2015–17 budget in June, leaving the state facing a more than $400 million shortfall.

New Ways and Means Committee chair Rep. Kevin Brady, R-Texas, said on Wednesday that he plans to solicit the views of House members on tax reform over the next few months.

The Navajo Nation closed its first-ever bond transaction this week when it sold $52.9 million of investment-grade general obligation bonds in a private placement.

The Senate will consider a House-approved transportation appropriations bill that keeps fiscal 2016 highway funding at fiscal 2015 levels.

Puerto Rico's congressional representative Pedro Pierluisi strongly opposed the idea of the federal government imposing a federal fiscal control board on Puerto Rico, warning it would be "a blatant exercise of colonialism."

In a first-of-a-kind action, the Municipal Securities Rulemaking Board released a compliance advisory for municipal advisors on Thursday to help them understand and implement new regulations.

Patrick Sweeney, Fidelity Capital Markets' senior vice president and manager of the municipal securities department, joined the Municipal Securities Rulemaking Board Thursday, replacing Edward Tishelman, who left TD Securities.

Recent MCDC settlements provide guidance concerning the scope of materiality in continuing disclosure obligations.

Standard & Poor's downgraded the underlying rating of Snohomish County School District No. 15 in Edmonds, Wash. to AA-minus from AA

Voters in eight states approved 26 of 37 transportation funding proposals on Nov. 3 ballots.

The New Jersey Health Care Facilities Financing Authority appears to be settling a tax dispute with the Internal Revenue Service over revenue bonds it issued in 1993 for Deborah Heart and Lung Center, which later entered into a total return swap.

The House adopted a six-year, $325 billion transportation funding measure that must be reconciled by Nov. 20 with Senate's $342 billion plan.

Rep. Nydia Velazquez, D- N.Y., introduced a bill Wednesday that would substantially increase hedge fund reporting requirements in response to ongoing concerns about hedge funds' role in Puerto Rico's financial crisis.

Sales of State and Local Government Series Securities will resume Tuesday at noon EST, the Treasury Department said, after President Obama signed legislation Monday that suspends the debt limit through March 15, 2017.

The National Governors Association has hired Scott Pattison to be its new executive director and chief executive officer.

The more than 250 amendments filed to the House's proposed six-year highway bill include a proposal to raise the federal gasoline tax by 15 cents.