Washington

The $55 million deal would be the second leg of financing needed for the $571 million project.

The Federal Reserve’s 2% inflation target has come under attack, with alternative frameworks and changes to the standard discussed.

Tax-exempt private activity bonds, which came close to being terminated in tax reform legislation, are now a centerpiece of the Trump administration's leaked infrastructure plan -- and market participants hope to use this as a springboard for a return of tax-exempt advance refundings.

State agencies are also holding $2.3 billion of bills that can’t be paid until lawmakers approve appropriations, the state comptroller said.

The Municipal Securities Rulemaking Board issued a report saying its oversight of the muni market without enforcement power is among the advantages it offers as a self-regulator.

President Trump's purported latest infrastructure plan would remove state volume caps, advance refunding prohibitions and state volume caps from private activity bonds used for infrastructure.

The MSRB's structure lets public and private sectors work together to foster investment in infrastructure financing, economic development and job creation.

The Senate remains deadlocked over how much to increase an $81 billion disaster aid package that was approved by the House in December.

Municipal advisors would be subject to most of the same requirements as dealers under a proposed new advertising rule, but would be even more limited in certain ways.

Sens. John Cornyn, R-Texas, and Mark Warner, D-Va., introduced their bill to expand PABs the same day that the U.S. Chamber of Commerce recommended such an expansion in its four-part infrastructure plan.