Washington

The electric vehicle charging program allocates the biggest chunk of federal funds to Texas, at $407 million. California is next in line, with $383 million. No other state receives more than $200 million.

The temporary government funding bill includes money for expected recovery needs from Hurricane Ian's landfall in Florida this week.

Chicago is leading the pack in pension fund problems.

John Hallacy talks with Chip Barnett about how fiscal and monetary policy is affecting the municipal bond market. He discusses recent data releases, supply forecasts and the midterm elections and the future of ESG in public finance. (20 minutes)

Brett, whose term ends this week, oversaw the MSRB's push for a greater integration of technology as well as overseeing some controversial rule proposals.

One-year rates have risen 100 basis points, intermediate maturities have traded up about 25 basis points and long-term munis are nearly 50 basis points above June's close.

Aaron Fletcher and his firm Twin Spires Financial have entered a final judgment with the Securities and Exchange Commission over their role in two allegedly fraudulent offerings and a failure to register as a municipal advisor.

Munis were little changed while long UST improved and equities ended in the red after the FOMC raised the fed funds rate target 75bps to a range of 3% to 3.25% and members are leaning toward a rate of 4.4% by yearend.

The Federal Highway Administration needs to act more like a partner and less like a roadblock, state transportation officials said.

The muni market is watching the fiscal 2023 defense bill closely to see if a final version requires issuers to overhaul their financial disclosure practices.