Washington

The Fed meets this week, but the probability of another cut at Wednesday's meeting seems low amid elevated inflation and growth data, said Matt Fabian, a partner at Municipal Market Analytics.

A group of Democratic states as well as a national association representing not-for-profit organizations said they would sue to block the move.

The former U.S. Representative has said he would focus on road safety and cutting red tape.

The lobby trying to protect the tax exemption is working overtime as the threat appears very real.

The SEC's muni office chief stopped short of saying there might be enforcement imminent.

"There are a lot of moving parts here with the potential to either help or hinder the Fed's quest for price stability and maximum employment" this year, noted BMO Deputy Chief Economist Michael Gregory, who says the Fed will "stand pat."

The president suggested federal aid could be sent directly to states instead of through FEMA.

Ongoing work to potentially simplify the new issue disclosure submission process and discussion of dealer supervisory obligations will be among topics on deck at the Municipal Securities Rulemaking Board's upcoming quarterly board meeting.

As Republicans hash out their promised tax package, the debate over the bill's scoring method carries implications for tax-exempt municipal bonds.

The agency's figures represent the most actions filed in their respective periods since at least 2000.