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Even as debate rages in Congress about whether to slash the federal government’s role in transportation funding, the New Jersey Transportation Trust Fund Authority is coming to market with $1.2 billion of federal highway reimbursement revenue refunding notes.

Gov. Paul LePage and state lawmakers are at odds about how to fund a voter-approved Medicaid expansion that was supposed to take effect on July 2.

Gov. Phil Murphy and state lawmakers enter the home stretch of a July 1 budget deadline far apart on a spending plan and tax increased needed to combat a steep deficit.

Buyers of municipal bonds will see a sale this week that offers some high yields in return for taking on some additional risk not usually associated with typical deals. California’s Golden State Tobacco Securitization Corp. is issuing a $1.7 billion tobacco bond deal consisting of serials and turbo terms.

The Federal Reserve is expected to raise the fed funds rate target by 25 basis points. Will this lead to more volume?

Municipal bond buyers will see a potpourri of offerings hit the screens this week, with infrastructure deals ranging from airports to gas works to ports.

While volume will be under $4 billion, strong demand should continue as the muni market is sound technically and investors are flush with cash. Investors are feeling bullish.

Coming off the primary market's most robust week of issuance this year, investors will see more than $6 billion hit the calendars this week – with almost a third of that issuance coming from one well-known California issuer.

This week the municipal bond market is getting what it wants — and what it needs — more supply. Almost $10 billion of new deals are on tap in a calendar that will have something for almost everybody.

While low volume is frustrating for investors, scarcity is driving demand as buyers have realized they cannot wait for something that will not come. Although this week lacks a large deal, it is full of medium sized deals from a variety of issuers.