Washington

By an overwhelming bipartisan majority, the House advanced affordable housing legislation that includes a proposal that's expected to spur mortgage revenue bond issuance.

State legislatures are taxing revenue generated by sports gambling, as an estimated $1.76 billion was wagered on the Super Bowl, with even more expected to change hands during the March Madness college basketball tournament.

The era of "announcement" is over; the era of "execution" is here.

The MSRB published the request for comment Nov. 3 to seek input on draft amendments to Rule D-15, which defines the term sophisticated municipal market professional.

States have been slow to put the money to work.

In rural areas, "even modest rate increases can force low-income households to choose between water service and other basic necessities," Matt Odermann from the National Rural Water Association told senators Wednesday.

Washington D.C. is trying to follow the lead of many states that have decoupled their tax policy from the provisions of the One Big Beautiful Bill Act, but Congress is signaling disapproval which would result in a budget shortage.

"This would be an unnecessary change that would be difficult to administer and comply with and which would severely limit municipal entity choice," the Bond Dealers of America said in a comment letter.

Wisconsin Republican Ron Johnson formed a Senate subcommittee to investigate the Los Angeles fires at the request of Sen. Rick Scott, R-Fla.

"I was in banking for a long time and this gives me a chance to support the market from another angle," said Rob Dailey.