Washington

The Australian toll road operator couldn't agree on terms with the state for the first phase of the project, which has been dogged by controversy and delays from the start.

On the policy front, the budget would allow large urban transit agencies to use federal capital grants for operating costs and gives states more private activity bond volume flexibility for housing.

The bill passed through the committee on a 21 to 17 vote, over fierce Democratic opposition.

After a brisk 2021 that saw a record number of P3 deals reach financial close, last year slowed to only 16 closings, according to Husch Blackwell's sixth annual P3 trends report.

Wildfires in western states are becoming more severe and costing more to fight.

A U.S. default would trigger a cascade of downgrades, including of municipalities, Moody's Analytics says.

The Ohio-based was underwriter on 47 limited offerings, violating the Commission's limited offering exemption.

Disruptions and dislocations associated with more volatile business cycles have already created opportunities for active fixed income management, as the dramatic interest rate increase of 2022 illustrates.

The two-year UST is now a full point above the 10-year UST, something that hasn't happened since 1981.

Passing the Affordable Housing Credit Improvement Act could boost housing bond issuance.