In a significant shift that has reverberated through the financial landscape, Bank of America (BofA) and Morgan Stanley opted to withdraw from the Net-Zero Banking Alliance this week. This decision follows an earlier exit by Wells Fargo and appears to be the result of scrutiny by Texas Attorney General Ken Paxton, who has been reviewing
Politics
The recent revelation from the District of Columbia’s chief financial officer, Glen Lee, indicates a financial upswing for the city, showcasing an impressive $169.7 million revenue increase compared to previous estimates. This surge primarily stems from one-time litigation proceeds and year-end accounting adjustments for previous cost recoveries. While this may seem like positive news at
As President-elect Donald Trump prepares for his second inauguration, his relationship with Washington, D.C. Mayor Muriel Bowser has entered a new phase. On Monday, the two met to discuss collaborative efforts between local and federal governments, particularly in light of recent Congressional developments that have handed over the RFK stadium site to the city’s control.
Former President Jimmy Carter passed away on Sunday at the remarkable age of 100, leaving behind a significant and complex legacy that highlights both his lifelong commitment to public service and the numerous challenges he faced throughout his political career. Born in Plains, Georgia, Carter’s journey into politics began with local and state roles before
In a significant development for the New York Metropolitan Transportation Authority (MTA), a state review board has rejected the agency’s proposed capital plan for 2025-2029, which stood at an ambitious $68 billion. This decision has sparked a complex debate among state leaders and highlighted the ongoing struggles to secure adequate funding for public transportation in
In a significant legal development, a Texas judge has delivered a ruling that supports the interests of multiple cities against the state comptroller’s department, preserving millions of dollars in annual sales tax revenue. This case stems from a contentious rule change initiated by Texas Comptroller Glenn Hegar’s office in 2020, which switched the method of
The past week on Capitol Hill illustrated the complexities of American governance, with a series of political maneuvers that culminated in a short-term solution to keep the government operational. By passing a continuing resolution (CR) to fund operations until March 14, Congress has managed to avoid an immediate crisis, albeit while leaving significant issues —
In recent months, the Texas Attorney General, Ken Paxton, concluded a 14-month examination of Wells Fargo’s business practices concerning its participation in the controversial Net-Zero Banking Alliance (NZBA). This scrutiny stemmed from the Texas state law enacted in 2021, which specifically targets financial institutions that opt to boycott industries such as fossil fuels. As an
As the clock ticks down to a potential government shutdown, concerns are mounting over the implications for states and municipalities reliant on federal funding. The collapse of the recent continuing resolution deal, intended to keep the government operational until mid-March, underscores the challenges that lie ahead. With key political figures, including President-elect Trump and billionaire
The Tampa Bay Rays’ pursuit of a new baseball stadium has become a pressing issue within Pinellas County, particularly following the acceptance of $312 million in bonds by the county commission. The agreement was initially hailed as a major milestone, but an old complication has resurfaced: the team’s renewed demand for additional government funding. The