Trump administration

Despite a downgrade by Moody's Ratings in April, Washington, D.C., went to market early and emerged with an oversubscribed revenue and refunding bond issuance of nearly $1.5 billion.

"As we head into reconciliation and tax negotiations, I'm making it clear: I won't support a bill that doesn't lift the cap," Rep. Mike Lawler said.

It's the latest in a series of legislative efforts to restore tax-exempt advance refunding of bonds.

Republicans balked at a national car registration fee to support the insolvent Highway Trust Fund.

"FINRA has drifted far from its intended purpose," Rep. Lisa McClain said.

The tax exemption is in the eye of a legislative storm to extend President Donald Trump's Tax Cuts and Jobs Act, but is it only the start of what's to come?

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.