In 2017, Congress moved from budget resolution to reconciliation legislation in less than six weeks.

As Congress begins hammering out the budget resolutions that will shape the country's fiscal future, muni lobbyists double down on efforts to keep the tax-exemption in place.

The legislation comes as the municipal market industry fends off threats to tax-exempt municipal bonds.

Portfolio managers seem more sanguine about threats to the tax exemption from Congress.

Ohio Gov. Mike DeWine wants to raise the sports gaming tax to pay for stadiums and he does not want the state to issue bonds to finance stadium development.

The rising costs of federal debt, an impending budget showdown, and Congressional turmoil is highlighting the complex relationship between Treasury securities and municipal bonds.

DeSantis' proposed all government activities budget is 2.5% lower than the current year's budget.

The study comes as the city faces a growing structural budget deficit and shrinking reserves that led to negative bond rating outlooks.

The deeper the proposed cuts, the more the municipal market fears for the fate of tax-exempt bonds.

The tax exemption has been in place for more than 110 years, but Republicans say its removal is vital for prolonging many parts of the Tax Cuts and Jobs Act.