Washington

A group of Democratic states Thursday filed a fresh motion for an injunction, arguing the administration may continue to freeze federal funds despite the recission.

State and local governments are on strong financial footing and are investing in Treasury securities as chaotic federal moves shake out.

Municipal market advocates plan to use the data to support the case to Congress for preserving the tax exemption.

Even with the possibility of inflation and fiscal policy-induced headwinds, there is much to be optimistic about in the muni market, despite some possible near-term turbulence, said GW&K strategists.

MSRB Chair Warren "Bo" Daniels stressed the importance of issuer feedback as beta testing for the modernized EMMA website continues.

The ruling came as the White House issued follow-up guidance saying only affect a portion of federal funds would be affected and that the pause could be as brief as a day.

The Fed meets this week, but the probability of another cut at Wednesday's meeting seems low amid elevated inflation and growth data, said Matt Fabian, a partner at Municipal Market Analytics.

A group of Democratic states as well as a national association representing not-for-profit organizations said they would sue to block the move.

The former U.S. Representative has said he would focus on road safety and cutting red tape.

The lobby trying to protect the tax exemption is working overtime as the threat appears very real.