Pasadena and the Rose Bowl Operating Co. are suing UCLA, saying plans to relocate football games to SoFi stadium could jeopardize $130 million in revenue bonds.
"With its third straight rate cut, the Fed is sending a clear message: it's no longer just watching inflation — it's managing risk," said Gina Bolvin, president of Bolvin Wealth Management Group.
The bonds are to be used for a variety of projects aimed at recovering from multiple natural disasters that struck Lake Charles in 2020 and 2021.
As more states weigh legislative action to decouple from the provisions of One Big Beautiful Bill Act, Treasury Secretary Scott Bessent launches an outreach mission to counter what he calls, a "blatant act of political obstructionism," that will lead to higher state taxes.
Both parties agree the federal permitting process drives up infrastructure costs.
The compliance outreach program for municipal advisors and dealers, will be hosted jointly by the SEC, MSRB and FINRA.
