Washington

Senate and House committees are gearing up water infrastructure bills on a bipartisan basis.

Federal Reserve Chairman Jerome Powell said prices would rise this year as the pandemic recedes and Americans are able to go out and spend, but he played down the risk that this would spur unwanted inflation.

States and local governments will soon get guidance on how they can spend $350 billion in funds from the last round of coronavirus relief.

Dallas Federal Reserve President Robert Kaplan said he is among policy makers estimating that the central bank will have to raise interest rates next year.

The economy seems to be gathering steam, though it is still far from fully recovering from the damage wrought by the pandemic, Federal Reserve Chairman Jerome Powell said.

The public notice filed on EMMA is the first report by any issuer in calendar 2021 of any type of IRS audit communication.

“Our guidance suggests we would be raising rates were inflation to spike past our targets,” Barkin said.

Exactly one year after record billions were pulled from municipal bond mutual funds and the market was in free fall, municipals followed U.S. Treasuries this week as the markets continued to dismiss the Fed's outlook on inflation and rates.

Nineteen states recognized delayed payments due to last year's IRS delay in the tax deadline to July 15.

Republican opposition to tax increases supporting an infrastructure bill may hamper the advancement of hoped-for muni tax provisions.