Washington

The mayor of Washington and the managing partner of the Washington Commanders laid out a plan for bringing a $3.7 billion stadium to the city via a mixed use development financed by a combination of private and public money.

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.

Tariffs imposed by the Trump administration are already affecting port operations as Moody's has revised the U.S. ports sector to a negative outlook reflecting an expected 7%-12% decline in volume.

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

MSRB appreciates "the robust stakeholder engagement and response" to its requests for feedback on both the rate card and a municipal fund securities concept release, Board Chair Bo Daniels said.

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

Muni advocates resist some of the arguments for eliminating the tax-exempt status of municipal bonds espoused in a new book by infamous Wall Street whistleblower Michael Lissack.

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 Federal Reserve governor remains optimistic about tariffs being a one-time shock to prices, but the central bank still needs more clarity about what the policies will look like.