Washington

Indian River County, Fla., Tuesday filed a lawsuit asking a federal judge to block the issuance of $1.75 billion in private activity bonds for the All Aboard Florida private train project.

Airport capital spending will rise over next five years to meet growing passenger demand, Moody's says.

President Obama's proposed six-year transportation bill would give states more flexibility in tolling of existing roads and bridges.

Congress should eliminate the state and local tax deduction and offset the deduction's removal with a reduction in marginal tax rates, a report from The Heritage Foundation argued.

A Republican congressman said Tuesday he is concerned that the Securities and Exchange Commission's approach to municipal market enforcement risks creating an environment where only big players will get a seat at the table.

Municipalities in fiscal crisis faced diminished abilities to manage federal grants because of workforce reductions, decreased financial capacities and outdated information technologies, the U.S. Government Accountability Office concluded in a report.

A subsea traffic tunnel below Chesapeake Bay has been pushed ahead to take advantage of low interest rates.

A House bill would stop federal funding for public transit and bike paths to protect solvency of the Highway Trust Fund.

Lawmakers are concerned about the Securities and Exchange Commission's extensive use of administrative proceedings to enforce securities laws in the wake of the Dodd-Frank Act, a trend that has not extended to municipal cases.

Ports on the West Coast are recovering from the cargo backup that developed during a recent labor dispute and are turning their attention to long-term strategic threats from ports in other regions.

Water utility executives from 47 states stormed Capitol Hill to urge lawmakers to repeal a ban on the use of tax-exempt bonds for projects already benefiting from certain federal assistance.

Issuers in Colorado and Nevada separately disclosed this week that the Internal Revenue Service is conducting routine audits of bonds they issued in 2006.

The muni market may learn more about how issuers fared under the Securities and Exchange Commission's Municipalities Continuing Disclosure Cooperation initiative after they respond next month to a survey from the Government Finance Officers Association.

A federal ruling against states may set a precedent for risky local spending on broadband, credit analysts said.

The total amount of outstanding municipal securities and loans in the market rose 0.6% to $3.65 trillion in the fourth quarter of last year, as U.S. bank muni holdings increased 2.5% and mutual fund muni holdings rose to a record high $658 billion.

Given the magnitude and condition of U.S. infrastructure and the Federal push to "level the playing field" by expanding the availability of tax-exempt finance for public-private partnership procurements, the U.S. is poised to become a very active and substantial P3 market.

Road builders association says it has a plan to untangle the congressional gridlock on federal transportation funding.

The National Governors Association has written to House Speaker John Boehner to correct what it calls a "misunderstanding" underlying a recent draft online sales tax proposal made by House Judiciary Committee chair, Rep. Bob Goodlatte, R-Va.

Some pension obligation bonds can create a visible and fixed repayment plan to tackle the unfunded pension liability monster that is stealthily growing underneath the budget table of many state and local governments.

The Internal Revenue Service has advised several community development districts in Florida that they may not be political subdivisions that can issue tax-exempt bonds if they do not have public electors within five years of their bonds' issuance, a bond lawyer said.