Washington

The U.S. is moving toward a territorial tax system for businesses that would hurt Puerto Rico by treating it as a foreign country.

Muni issuers are being forced to take action on tax-exempt private activity draw-down bonds and commercial paper because of the House tax bill.

The rush to beat tax legislation at the Illinois Finance Authority makes for its busiest December ever.

Transportation officials want tax reform to include funding for the Highway Trust Fund and infrastructure as part of the larger package.

The SEC has approved a change to increase the level of information the MSRB collects about certain muni fund securities.

Sen. James Lankford, R-Okla., a leading proponent of ending the tax break for stadiums, told The Bond Buyer he'd "be OK with" grandfathering.

The SEC is investigating after the school district's bond management practices were questioned in an audit.

A deal on a new debt ceiling is seen as tied budget negotiations.

Bank loan documents often have corporate tax gross-up provisions.

Democrats complain that Republicans are only providing cosmetic support for Puerto Rico in tax reform legislation and disaster aid.