Washington

Mayors and city leaders face an uncertain future from dwindling federal infrastructure funding, but a major housing bill offers hope.

If a fix is not found, the fate of the Highway Trust Fund will get caught up in insolvency debates, said Eno Center for Transportation.

Discretionary termination of grants allowed under the rule would pose a particular risk, issuer advocates said.

"Nothing motivates enforcement staff more than protecting those who invest their savings in our markets," said David Woodcock, director of the SEC's Division of Enforcement.

Former Rep. Bill Archer, who chaired the House Ways and Means Committee for three terms, died Saturday at the age of 98 leaving behind a tax writing legacy that began in 1994.

Market Intelligence analyst Jeff Lipton breaks down why munis became the fixed-income standout in 1H 2026, as tax-exempt income, SMA demand, healthy supply-demand dynamics, curve positioning, active security selection and spread compression offset geopolitical volatility and shifting Fed expectations.

The Ways and Means Committee passed the reporting bill last week along party lines.

Federal Reserve Board Gov. Christopher Waller says he is OK with dialing down the amount of communication issued by the central bank's monetary policy committee, but doesn't want the central bank to throw out the baby with the bathwater.

Rep. Brendan Boyle, D-Pa., said he is crafting a bill to "disincentive states and localities" from offering public subsidy packages to lure professional sports teams across borders.

"We're basically engaging more of the bond market ecosystem in everything we do," said Mike Nicholas, CEO of the Bond Market Association.