Politics

Ninety percent of FINRA's operating expenses are driven by compensation and technology costs.

Provisions of the One Big Beautiful Bill Act are beginning to take effect as the FHFA has doubled the cap on Low Income Housing Tax Credits, which should boost the issuance of private activity bonds.

The measure would lower the percentage increase in property tax revenue larger cities and counties can tap for operations without seeking voter approval.

The spaceport PAB statute was crafted in a way that's likely to appeal to the tax-exempt bond market. Nixon Peabody's Johnny Hutchinson said.

A judge approved an injunction requested by 20 states to temporarily halt the Federal Emergency Management Agency from diverting money from a disaster preparedness program.

Mayors and city leaders are using a combination of bond financing and public private partnerships to build and preserve affordable housing while working with a patchwork of regulations and facing opposition.

A close look at Fed officials — barring additional surprise departures from the Fed — suggests the president probably won't get the outsize rate cuts he wants in 2026.

"I asked him just last night, is this something you want?" Trump said Tuesday in an interview with CNBC. Bessent's response was, "Nope, I want to stay where I am," he said.

Universities targeted by Donald Trump's crackdown on diversity programs and other policies he says show a liberal bias are essentially bleeding at the negotiating table after taking on debt, laying off hundreds of staff and slashing spending.

The state faces a $1.2 billion revenue hit in fiscal 2026 , as well as future spending pressures, from President Trump's One Big Beautiful Bill.