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Legislation passed in Texas and other Southwest states this year seeks to increase or explore funding sources to finance water supply and infrastructure.

Daily report for August 26, 2025

President Trump posted a letter on social media addressed to Federal Reserve Gov. Lisa Cook, informing her that he was terminating her due to allegations of mortgage fraud. The move is likely to tee up an unprecedented legal fight over the Fed's independence.

The state authority building the passenger rail project says it has a clear path to "achieving commercial success at the earliest stage."

"We expect subdued activity again [this] week heading into the Labor Day holiday," Birch Creek strategists said.

Pres. Donald Trump is moving forward with plans to beautify Washington, D.C. by tasking Congress to find $2 billion dollars to improve city infrastructure while also threatening to rescind federal funds from efforts to rebuild the tolled Francis Scott Key Bridge in Baltimore.

Revenue generated by the bureau's 10 managed lane projects is, on average, exceeding original projections by 63%.

"The careers of most financial advisors are transactional. They make money on bond deals. The more they do, the more money they can make," James Martling said. "But we got into long-term counseling for clients on long-term infrastructure projects." 

The relative rarity of the credit was compounded by their source of funds, the deal's size, and bond ratings slightly lower than New York state and city.