Biden Administration

The $304.5 billion highway section might pave the way for further bipartisan agreement on a wide-ranging infrastructure package.

The overhauled funding stream would allow the IRS to fairly enforce the tax code, modernize its IT systems, and improve taxpayer services, according to the bill's sponsor.

The Senate highway bill proposes a national pilot program for a motor vehicle per-mile user fee.

Reinstatement of tax-exempt advance refunding bonds appears to have the broadest support because of its nearly universal impact on state and local issuers as well as nonprofits.

Bondholders tend to insist projects be well maintained, a potential advantage.

Rep. Richard Neal, D-Mass., the committee chairman, also called for reviving direct-pay Build America Bonds.

President Biden met Wednesday with top Republican and Democratic congressional leaders to discuss a bipartisan way forward on this issue.

Treasury’s 151-page interim final rule provides broad latitude for how the money can be spent.

The White House and a bipartisan cadre of lawmakers appear committed to getting infrastructure, including top muni market lobbying goals, achieved.

Treasury Secretary Janet Yellen said she was not predicting or recommending interest-rate increases when remarking earlier about the impact of fiscal spending on the U.S. economy.

The Remote and Mobile Worker Relief Act would set a 30-day in-state threshold before states could levy income taxes on nonresident workers.

A senior White House economic aide said the decision on selecting the next central bank chief will come after a thorough “process.”

Public finance groups hope that the Biden administration will show the same support for tax-exempt bonds that House Democrats do.

A deep dive into how President Biden's plans will affect infrastructure spending, ESG, tax-exempt munis and the municipal bond market at large.

The report found that the White House Office of Management and Budget played a key role in prodding HUD to add additional requirements for Puerto Rico to access the disaster aid.

President Joe Biden, who has an opportunity to reshape the leadership of the Federal Reserve over the next 10 months, is being urged by activists to make potentially significant changes at the U.S. central bank.

After statehood, Puerto Rico's legacy bonds would likely retain their current status, but analysts are mixed on how the market would receive new debt.

Indiana's newly adopted budget, with rosier revenue projections and a looming infusion of federal relief funds, will also boost infrastructure spending.

There’s not much difference in the criteria S&P Global uses to rate general obligation debt issued by cities and GO debt issued by states.

The bonds would include a subsidy rate of 28% and would be exempt from sequestration.