Washington

The Investing in Our Communities Act, introduced by House members Kustoff, R-Tenn., and Ruppersberger, D-Md., would reinstate tax-exempt advance refunding.

The administration is touting the Justice40 Initiative and other programs to spur equity efforts.

Cities want to put federal dollars to work on their infrastructure, a process that can be daunting.

The proposal would prevent the sale of asset -backed securities tainted by any material conflict of interest and commenters feel that munis should be excluded from the final rule.

Republicans argued the longtime transit and airport CEO lacked the experience necessary to head the FAA.

President Joe Biden's fiscal 2024 budget zeros out spending for the popular RAISE grant program.

Airports are being squeezed by modernization demands and servicing existing debt.

Outflows continued as Refinitiv Lipper reported $427.082 million was pulled from municipal bond mutual funds in the week that ended Wednesday after $461.123 million of outflows the week prior.

But the Securities and Exchange Commission's best-execution proposal, largely dismissed as duplicating an existing Financial Industry Regulatory Authority edict, could have wide-ranging implications for trading firms in options, bonds, and crypto securities as well as equities.

"In short, it appears that the end of the current tightening cycle is coming into view," said Wells Fargo Securities Chief Economist Jay Bryson.