Biden Administration

Democrats say the $740 billion legislation would mark the largest climate change mitigation investment in the country's history.

The training camps will focus on 30 grant programs in the infrastructure law that carry the biggest bang for their buck and allow cities to apply directly to the feds.

The bulging surpluses are a result of $5 trillion in economic stimulus from the federal government including American Rescue Plan Act (ARPA) funds which boosted economic activity and tax revenues.

The $2.2 billion will be divided evenly between urban and rural communities, with 75% going to projects in poor or disadvantaged areas.

States and localities are in line for clean energy funding, some of which builds on grant programs in the bipartisan infrastructure law.

Issuers praised the bill's climate provisions while muni market participants said it's unlikely to significantly hurt demand for tax-exempt paper.

A group of 20 muni bond investment firms have asked U.S. cities to disclose their environmental-related needs and risks, including infrastructure projects, to CDP, a global disclosure firm.

Sens. Manchin and Schumer's long-elusive deal on a energy, climate and tax bill includes no muni-friendly items or SALT reform.

The Democrats' reconciliation bill has been whittled down to a pair of health care provisions, including one that carries implications for nonprofit hospital credit quality.

“We have to be able to build things better and faster in this country and you don’t have to be a Democrat or a Republican to agree with that."

Phil Washington would bring an issuer's perspective to the top FAA spot.

The Supreme Court’s ruling stripped the EPA of its ability to regulate greenhouse gas emissions, but analysts say utilities are unlikely to feel immediate credit impacts; in some cases, it may ease credit pressures.

The U.S. Conference of Mayors launched the P3 task force as cities prepare for an influx of federal infrastructure aid.

Construction material costs, which often rise faster than the consumer price index, have surged over the last year while a shortage of skilled construction workers has plagued the industry.

The proposed gas tax holiday would hold the Highway Trust Fund harmless with a $10 billion subsidy.

Easing federal wetland standards could spark a “race to the bottom” as newly polluted water would flow into downstream states, a group of largely Democrat-led states argued in a Supreme Court brief.

The White House released proposed rules for the $7.5 billion electric vehicle charging network program as gas prices in the U.S. hit another record high.

MTA finance director Pat McCoy said issuers need to ask if they are prepared to deal with the requirements attached to federal money.

Issuers need to be careful with bonds specifically marketed as green, said the head of Office of Municipal Securities.

Republicans, who argue pandemic aid is partly to blame for inflation, have said the large aid packages came with too few guardrails.