Washington

While the surface transportation reauthorization remains a work in progress, advocates for high-speed rail travel are exploring the benefits of public private partnerships

The Senate voted 54-45 to confirm Kevin Warsh to lead the central bank. Warsh will take the reins from Jerome Powell, who said he will remain on the Federal Reserve Board.

Kevin Warsh's nomination to the Federal Reserve chairmanship will require a second vote, which should happen this week.

"I think any effort to make reporting less frequent is a step backwards in transparency," NFMA's Mary Francoeur said.

The Supreme Court decision that changes the provisions in the Voting Rights Act adds legal risk for state and local governments.

The FOMC meeting will be interesting as Kevin Warsh takes the chair. KBRA Chief Strategist Van Hesser will review the meeting, the presser and the new dot plot.

Public finance professionals need to contemplate uncertainty as they work with municipal issuers to help them plan and meet their needs.

Changes in federal funding are sharpening the focus on how the states will be responding to disaster relief, running social programs and budget planning.

The Trump administration also proposed deep cuts to the state revolving funds in its 2026 budget, which Congress rejected.

FEMA reform has stopped and started on Capitol Hill as local governments welcome a rule requiring the agency to build a dashboard to track the flow of disaster recovery funds.