Washington

The Federal Railroad Administration is embracing a pro-business approach regarding emerging technology and funding rail crossing improvements.

"Clearly, issuers still need access to this very important financing tool," said State of Michigan Treasurer Rachael Eubanks, who also serves as this year's president of the National Association of State Treasurers.

Kevin Warsh's nomination to be the next chair of the Federal Reserve passed through the Senate Banking committee in a party-line vote.

The administration's effort to revitalize the maritime industry includes opportunities for public-private partnerships.

Muni advocates are watching Congress move towards a second reconciliation bill that may not require any provisions that pay for funding DHS, and the possibility of a third, tax-focused bill.

With no rate change expected, analysts look at Fed chair nominee Kevin Warsh and how investors should position.

U.S. Attorney for the District of Columbia Jeanine Pirro said in a social media post Friday morning that the Justice Department is closing its investigation into Federal Reserve Chair Jerome Powell, clearing a path for Kevin Warsh to be confirmed as Powell's replacement.

"Retiring these terms eliminates unnecessary ambiguities associated with their use in MSRB rules," MSRB Board Vice Chair Wendell Gaertner said.

From Jan. 1, 2020 through mid April of this year, borrowers using conduit issuers accounted 87% of payment defaults by number in the muni market, Municipal Market Analytics' Matt Fabian said.

Moody's Ratings announced a stable rating outlook for Washington, D.C., good news for a city reeling from federal job cuts and gearing up for a mayoral race.