Trump administration

The bill attacks Gov. Gavin Newsom's executive order requiring state regulations phasing out the sale of new gasoline-powered cars and trucks by 2035.

The judge ruled the administration cannot freeze New York's federal funds in its bid to halt the controversial tolling program.

Maryland is preparing for upcoming bond sales as the state treasurer responds to a Moody's downgrade by suggesting the state part ways with the rating agency.

The Senate will likely revise the House bill, which left tax-exempt bonds untouched after months of speculation.

As the budget reconciliation lurches through Congress towards a vote, the cap on state and local taxes remains a key bargaining chip while data shows state tax revenue declining and an uncertain future for the pass-through-entity workarounds adopted by more than 30 states.

Paul Atkins said he doesn't like regulation by enforcement, a message that broker-dealer groups have spent the last several years longing to hear.

Congress needs to lift limitations on tax-exempt private activity bonds, say transportation advocates.

"We have got to keep the money coming in to transit," said Sen. Elizabeth Warren D- Mass.

The macroeconomic boost from U.S.-China's 90-day pause on tariffs is partial and could prove temporary, S&P Global Ratings analysts said.

The U.S. loses its third triple-A rating as Congress works to pass a massive tax cuts and spending bill.