Trump administration

Congress has not authorized a fresh revenue source for the Highway Trust Fund in three decades.

Industry leaders at The Bond Buyer's Texas Public Finance event discuss how tax policy threats, tariffs, and federal budget cuts could create a new paradigm for muni borrowing costs and credit resilience.

The order comes as the question of whether the administration has the authority to withhold federal funds plays out in court.

Committees will begin Tuesday to mark up their pieces of the sweeping tax bill, with the key Ways and Means committee session tentatively set for May 12.

S&P revised the outlook for the Maryland Transportation Authority's outstanding revenue bonds to negative from stable due to the timing of the federal funding needed to rebuild the Francis Scott Key Bridge that was damaged by a cargo freighter in March 2024.

The Democratic states sued a day after schools were required to certify the elimination of DEI programs or risk losing federal funding.

Losing its 501(c)(3) status could cost Harvard $500 million annually.

"Federal grants come with a clear obligation to adhere to federal laws," said Transportation Secretary Sean Duffy.

Moody's Ratings cut the issuer rating for the District of Columbia to Aa1 with a negative outlook, which the city CFO blames on federal workforce reductions and weakness in the commercial real estate market.

The escalating dispute between the prestigious issuer and the White House is spooking some bond holders and creating opportunities for others.

As the municipal bond community rallies around protecting the tax-exempt status of munis, alternative viewpoints emerge for why it should be eliminated.

The FHWA said it would start withholding project funds from Manhattan next month and later expand to other areas if the state refuses to halt its tolling program.

Amtrak will take over from New York's MTA on the overhaul of the train station, said Transportation Secretary Sean Duffy.

Just as the economy could become topsy turvy, so could the municipal market.

The lawsuit argues the International Emergency Economic Powers Act that Trump invoked to impose tariffs does not grant the president the ability to unilaterally adopt tariffs on goods imported to the U.S.

With the threat to tax exempt municipal bonds looming in a Congress searching for pay-fors, private activity bonds supporting hospitals and higher education are high on the list of potential first targets.

Texas investor John Kleinheinz now controls Texas Central, which has spent more than a decade trying to build the Dallas-to-Houston high speed train.

In a post on his social media platform Thursday morning, the president criticized the Federal Reserve's reluctance to lower rates and said the chair's departure "could not come soon enough."

Brown is among the Ivy League schools borrowing money as they face funding threats from the Trump administration.

The effects could hit island economies, like those of Puerto Rico and the U.S. Virgin Islands, whose bonds are speculative grade partly because of fiscal concerns.