Trump administration

The Senate Committee on Appropriations released its version of the Transportation Housing and Urban Development and Related Agencies Act which contains more money for the public transit than the House version.

A number of universities have used the capital markets for financing as the Trump administration targets federal funding for higher education.

The effects of the One Big Beautiful Bill have yet to make a dent in state and local budgets as market experts and academics look into the future with concern.

The National League of Cities rolled out its annual report showcasing the challenges facing mayors, including the end of BIL funding and a steady diet of uncertainty about the flow of future federal dollars.

The House cuts are less severe than those proposed in President Donald Trump's 2026 budget.

Streamlining federal permitting and partnering with state DOTs are among the priorities for the next surface transportation bill.

"It's time for this boondoggle to die," said Transportation Secretary Sean Duffy.

"Most states do not expect to be able to keep key roads and bridges to a state of good repair," said David Draine, principal officer, public sector, retirement systems for the Pew Charitable Trusts. 

The House Appropriations Committee kicks things off with markups of three infrastructure-related funding bills this week, including transportation.

The comprehensive federal tax bill President Trump signed July 4 is credit negative for universities, Moody's Ratings said.

Most states have already enacted their budgets for the fiscal year as the effects of Medicaid restrictions and tax policy changes in the One Big Beautiful Bill are being analyzed and raising concern.

The policy shift may crowd out some projects, warned Baruch Feigenbaum, senior managing director of transportation policy at Reason Foundation.

Housing advocates are celebrating the passage of the One Big Beautiful Bill for the boost in Low Income Housing Tax Credits which is projected to boost the use of private activity bonds.

Market participants launched the largest lobbying effort in recent memory to protect municipal bonds and got what they wanted as the tax-exemption survived.

As the Senate-approved version of the reconciliation bill bounces back to the House, the SALT caucus that was key to its passage takes a look at SALT provision changes.

The megabill now heads to the House, where Speaker Mike Johnson said a vote could come as soon as Wednesday.

Questions over what to disclose in the bond document's risk section has concerned issuers for years, through issues like the pandemic to climate change, and now potential federal funding cuts.

The Senate advanced the One Big Beautiful Bill Act through a procedural vote, opening the legislation for debate followed by Monday's vote-a-rama.

Working out the differences between the Senate and House budget bills might result in lawmakers reaching for ways to pay for extending tax cuts and finance new programs which could put tax-exempt munis back on the negotiating table.

A change in leadership at the Government Finance Officers Association comes on the heels of an all-time record membership level.