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.

Blake G. Washington discussed Medicare, the MTA and more at a luncheon with the Citizens Budget Commission. 

Audit activity in the municipal market ebbs and flows with the IRS budget.

Governors in the drought-prone region are asking their legislatures for funding to boost future water supply or to repair aging water infrastructure.

Lawsuits are mounting against the Trump administration's aggressive actions to cut federal spending.

The Lone Star State is expected to add 225,000 jobs in 2025, down from 244,000 last year, according to the Dallas Federal Reserve's annual forecast.

Texas Sen. John Cornyn remains a supporter of private activity bonds, his staff told BDA.

Both houses of the Virginia state government have advanced budget bills that include rebates to taxpayers from surpluses fattened by federal funding and robust tax collections, a trend that concerns policy experts.

The directive appears to apply to discretionary grant programs and not state formula funds.