Washington

Work is expected to be completed in 2038 and ultimately provide four rail tunnels for Amtrak and NJ Transit trains between New York and New Jersey.

The issuance is expected to generate strong interest in D.C., Virginia, and Maryland.

"The forces of municipal fundamental and technical measures are setting up a reconciliation against higher UST yields," said Kim Olsan, senior vice president of municipal bond trading at FHN Financial.

The environmental clearance marks a regulatory milestone, but major funding shortfalls remain.

Another round of grants authorized in the 2021 Infrastructure Investment and Jobs Act is going out to 129 airports in 40 states.

The request is part of the White House's larger funding request from Congress to cover disaster needs from tornados to wildfires.

The SEC, MSRB and FINRA will gather in Denver Nov. 20-21 to discuss compliance for MAs and broker-dealers, examination priorities, and more.

The Supreme Court decision in SEC v. Jarkesy held that Congress can't force regulated entities to defend themselves in the SEC's in-house court, but likely won't change much for the Public Finance Abuse Unit.

Transportation Secretary Pete Buttigieg told lawmakers federal money is being dispensed roughly on schedule, though efforts to streamline certain processes are underway.

Passed every two years since 2016, the Water Resources Development Act of 2024 hits on many of President Biden's climate and resiliency goals.