Washington

The 15% corporate minimum tax may hurt the muni market the most during outflow cycles by cramping demand and leading to higher borrowing costs for states and cities.

The inclusion of swaps has the potential to increase claimed damages in the New York State lawsuit, though banks view swap materials as providing a potential defense.

Brokers should be aware that inaccurate tax reporting could force its brokerage clients to seek damages and could force dealers to make their clients sign a liability waiver, as the recent muni case Richard Goodman v. UBS Financial Services highlights.

The respected muni tax expert died unexpectedly Aug. 14.

Inflation and material shortages are accelerating the P3 trend of bringing in a private team before price is finalized, which could expose investors to cost-escalation risk.

Vern Breland is representing himself, and told a court he relied on his municipal advisor.

Democrats say the $740 billion legislation would mark the largest climate change mitigation investment in the country's history.

The training camps will focus on 30 grant programs in the infrastructure law that carry the biggest bang for their buck and allow cities to apply directly to the feds.

After thirty years at the Commission, Lori Price will begin as director for the Office of Credit Ratings Aug. 14

The bulging surpluses are a result of $5 trillion in economic stimulus from the federal government including American Rescue Plan Act (ARPA) funds which boosted economic activity and tax revenues.