Trump administration

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.

A deal on the state and local tax deduction cap remained elusive as of Monday morning.

The committee may take the bill up again as soon as Monday.

California Gov. Gavin Newsom said lowered revenues from the so-called "Trump slump" forced tough choices during annual May revisions to his budget.

Moody's downgrading of Maryland's credit rating is resulting in finger pointing among state lawmakers, questions about spending levels, and concerns about the state's spotless record.

The full legislative package could land on the House floor as soon as next week.

The tax bill is far from a done deal, market participants said.

The hotly anticipated bill from Ways and Means is the first detailed draft and could change as it moves through the legislative process.

The Ways and Means Committee is expected to release the full text, including revenue raisers, ahead of a Tuesday hearing.

Public power energy providers are moving forward with using elective pay to boost investment in nuclear energy while electrifying small town and rural areas.

The municipal bond market may soon get its first glimpse of hotly anticipated tax legislation.

Veteran muni banker Debra Saunders is working to help tribal governments access government financing and debt markets for energy projects.

Muni advocates are watching the SALT cap negotiations closely, as the outcome may be influence if other revenue raisers, like axing the muni tax exemption, come into play.

Speakers discussing how the U.S. will fare in the world post-Trump trade war and anti-immigration policies were largely optimistic.

Amid deep cuts to public K-12 schools, the proposed budget would boost charter school investment as the administration said "more local school options are needed."