Politics

Ohio’s Governor, Mike DeWine, recently highlighted the state’s “highest possible credit rating” during his State of the State address in Columbus. With significant upgrades from Moody’s Ratings and S&P Global Ratings, Ohio now holds a triple-A credit rating. These upgrades reflect a demonstrated commitment to active budget management and maintaining reserves, providing a strong financial
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Virginia Governor Glenn Youngkin recently announced over 240 amendments to Virginia’s biennium budget, unveiling what he described as a common ground budget plan. This budget proposal, totaling $64 billion, was presented as a collaborative effort to benefit all Virginians without any tax increases or cuts. The budget plan includes a significant $21.3 billion investment in
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The Environmental Protection Agency recently made an announcement regarding a $20 billion grant to support clean energy projects, specifically in underserved areas. This funding, which is part of the Greenhouse Gas Reduction Fund created by President Joe Biden, is the largest federal investment in climate-related projects to date. However, the program has faced criticism from
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Once again, for the second year in a row, the Treasury Department’s Green Book has failed to mention tax-exempt municipal bonds in the Biden administration’s tax policy initiatives and proposals. This absence is particularly puzzling given President Joe Biden’s strong emphasis on infrastructure as a key focus of his administration and campaign for reelection. The
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Meeting the infrastructure demands in the United States poses a significant challenge, especially when public debt alone is not sufficient to cover the costs associated with infrastructure projects and the transition to decarbonization. This issue was emphasized by Larry Fink, the CEO of BlackRock, a leading global asset manager. Fink highlighted the necessity of private
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The progress on the multi-billion-dollar people mover project at Los Angeles International Airport faced yet another setback last week when Fitch Ratings affirmed the speculative-grade BB-plus rating on California Municipal Finance Authority’s $1.2 billion senior lien revenue bonds. This affirmation came as the project’s completion date was extended by another six months, adding to the
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