Washington

Secondary selling pressure and the larger calendar weighed on the market Tuesday.

Advocates have floated similar measures repeatedly over the course of several administrations with no luck.

The administration wants the project "to be a model of how to build quickly and cost effectively," Transportation Secretary Sean Duffy said.

All of fiscal 2025 was funded under continuing appropriations instead of the traditional appropriations process.

The SEC-approved amendments will become effective in two stages, the MSRB said.

By the close, muni yields were bumped up to four basis points, depending on the curve, while UST yields rose two to five basis points.

A congressional budget impasse is leading toward a stopgap funding measure via a continuing resolution which could solve a budget shortage in the District of Columbia.

The House oversight subcommittee hearing was titled "Virtue Signaling vs. Vital Services."

Bond attorneys are eyeballing the possibility of attaching a tax title to the surface transportation reauthorization that could include issues of great interest to the municipal bond community as the appropriations process remains stuck in first gear.

The White House said it will appeal a circuit court ruling allowing Federal Reserve Gov. Lisa Cook to remain on the central bank board while her lawsuit challenging her dismissal is litigated.