Washington

The "Making the American Dream Affordable Again" roadmap makes no mention of tax-exempt bonds.

"I don't think this topic is necessarily gaining traction as an enforcement matter," said Andrew Kintzinger, counsel at Hunton Andrews Kurth LLP.

Despite the quiet start to the week for munis, all financial markets may feel a "heightened level of risk for rate volatility over the next few days," said Tim Iltz, a fixed income credit and market analyst at HJ Sims.

The compromise bill rejects the Trump administration's effort to rescind $16.5 billion of IRS funding that comes from an $80 billion infusion in the Democrats' 2022 Inflation Reduction Act.

"We are pleased to resolve this matter," Wells Fargo said in a statement.

Federal Reserve Chair Jerome Powell said the central bank has been served grand jury subpoenas and been threatened with criminal indictment, moves he called "pretexts" to influence interest rates through "political pressure or intimidation."

"With decent job growth in December and a downtick in the federal funds rate, the Federal Reserve will likely hold the federal funds rate steady at [its] next decision in late January," said Comerica Bank Chief Economist Bill Adams.

Average trade size continued to decline in 2025, "consistent with a market that is becoming increasingly more electronic," the MSRB said.

Attorneys and lawmakers are working through questions from clients and water authorities about finalized drinking water rules by the EPA regarding "forever chemicals."

It's the first time the regulator has named VRDO rate-resetting process as an area of review.