Yesterday’s story about remarks at a federal policy conference inaccurately described how the Internal Revenue Service plans to process payment requests for direct-pay Build America Bonds. IRS officials stated that while staff will manually evaluate applications for the payments, the actual payment delivery system is automated. They said the entire process from evaluation to delivery of payments will take 45 days.
This week has the July 4th holiday, with only $2.5 billion on tap in the primary bond market, though investors have tens of billions in reinvestment cash.
The budget is a good sign, analysts say, and may be a first step towards ultimately ending the Oversight Board's authority over the territory.
The law would allow up to $800 million in bond funding if Major League Baseball selects Portland, Oregon, for an expansion or transplant team.
University of Virginia president James Ryan resigned under White House pressure as the Trump administration pushes higher education to comply with its ideology.
The Senate advanced the One Big Beautiful Bill Act through a procedural vote, opening the legislation for debate followed by Monday's vote-a-rama.
The top finisher in the Democratic mayoral primary wants the city to issue $70 billion of additional affordable housing bonds.
