Washington

The centerpiece of the U.S. Chamber of Commerce's four-part infrastructure plan is a 25 cents per gallon increase in the federal gas tax.

Bondholders now have until Jan. 26 to agree to the tender exchange on up to $435 million in bonds.

Uncertainties surrounding tax reform and a spike in supply are creating opportunities in the municipal market. Natalie Cohen, head of Municipal Research at Wells Fargo Securities, weighs the various factors. John Hallacy hosts.

Puerto Rico's 78 local governments are eligible to apply for a streamlined Community Disaster Loan for up to 25% of their annual operating budget.

The Consumer Financial Choice and Capital Markets Protection Act of 2017 would modify 2014 regulations in a way that would benefit municipal bonds and state and local governments.

Legislation for a short-term spending bill and disaster aid are not linked, but together they highlight the continuing partisan gridlock in Congress.

Municipal Securities Rulemaking Board members meeting here next Wednesday and Thursday will discuss the market comments it received on whether to write new rules or guidance on primary market practices.

Almost all of the 12 Federal Reserve districts reported “modest to moderate gains” in economic activity at the start of 2018, a Federal Reserve survey showed.

The Senate Banking Committee had approved Powell already in December, but a revote was necessary after the Senate adjourned for the year without finalizing his confirmation.

Industrial production grew 0.9% in December, the Federal Reserve reported Wednesday.