Politics

The city council of Kansas City approved an ordinance laying the groundwork for a $1.9 billion stadium for the Kansas City Royals.

Austin and Dallas joined Houston in being warned that millions of dollars in state grants are at risk over federal immigration enforcement interaction policies.

The rating agency's previous review of the Texas city resulted in downgrades in December over increased credit risk due to water supply woes.

Federal Reserve Gov. Stephen Miran Thursday said that the Iran war and tariffs will not have long-term impacts on inflation, but did say he is reconsidering his rate cut outlook for the year.

Chicago will issue $875 million of second lien water revenue bonds in a deal with a possible tender component, Acting CFO Steven Mahr said.

The city faces the loss of $110 million in Texas public safety grants while a $174 million deficit is projected for its current general fund budget.

President Donald Trump said he would fire Federal Reserve Chair Jerome Powell if he does not resign after his term as head of the central bank ends in May. Trump made a similar threat against Fed Gov. Lisa Cook before attempting to fire her last August.

Kevin Warsh's financial disclosures show significant wealth, likely well-over $100 million, beyond that of even Federal Reserve Chairman Jerome Powell, who came from the private equity world.

A temporary injunction issued Monday blocks the removal of minority- and women-owned firms from the state's Historically Underutilized Businesses program.

As Congress crafts the next surface reauthorization bill, states want to retain control over the bulk of the formula highway funds.

Massachusetts brings double-A-plus level ratings to the competitive deal, comprised of $800 million of new money bonds plus a refunding component.

Former Federal Reserve Vice Chair for Supervision Randal Quarles, who served during President Trump's first term, said members of the Fed board should be removable by the president, but that the decentralized structure of the Fed will ensure that monetary policy decisions remain sound.

The state does not have the bonding capacity to independently rebuild the American Legion Bridge, the feds say. The state continues to hope for a federal grant to help cover the cost.

During the two-week ceasefire anything could still happen and a "blow up" would create significant volatility, said Kevin McGuigan, director at Municipal Market Analytics.

Credit ratings agencies, consultants and budget analysts are beginning to calculate, costs, risks, and remedies associated with cuts to Medicaid prescribed by the One Big Beautiful Bill Act.

A second budget reconciliation bill is moving closer to reality, creating a mixed bag of challenges and opportunities for the municipal bond market.

Wells Fargo's Julie Barger called the investors a "who's who of buyers in the muni market" including mutual funds, ETFs, SMAs and insurance companies.

The Texas city is facing a potential level 1 emergency, indicating the water system is 180 days from supply not meeting demand.

The state Supreme Court's decision did not address the 2022 law's governmental contract ban for businesses deemed to be "boycotting" the fossil fuel industry.

"We need private capital," the transportation secretary said.