As the United States approaches another significant tax debate, lawmakers from both parties are gearing up for an intense discussion that could reshape the fiscal landscape. A recent Senate Finance Committee hearing has illuminated the diverging priorities of Democrats and Republicans as they prepare for a critical confrontation over tax policies that will undoubtedly affect
Politics
The ongoing debate surrounding the Financial Data Transparency Act (FDTA) and its proposed rule changes has sparked significant contention, particularly from the American Bankers Association (ABA). The implications of these regulatory decisions not only affect the financial market’s infrastructure but also stir vast concerns among key stakeholders, including municipal securities issuers. The crux of the
As the September 30 deadline looms, House Republicans find themselves entangled in a complex dispute over legislation that not only affects government operations but also intertwines with voting regulations. The potential for a government shutdown brings a heightened sense of urgency amid clashes over the so-called “Safeguard American Voter Eligibility Act,” a bill purportedly designed
When Citi made the decision to close its public finance division, Archana Chandrasekhar took a unique path. While most of her colleagues quickly found new roles in the municipal market, she chose to step back and reevaluate her career trajectory. After spending 14 years at Citi specializing in higher education, healthcare, and social infrastructure projects,
The recent budget forecast released by the city of Chicago is projecting a significant increase in the corporate fund deficit in the coming years. The deficit is expected to balloon to $982.4 million by 2025, a stark contrast from the $222.9 million shortfall projected at the end of 2024. Mayor Brandon Johnson’s administration presented both
Former President Donald Trump recently suggested the idea of creating a U.S. sovereign wealth fund to finance infrastructure projects in the country. This proposal has sparked a debate on whether such a fund would be beneficial for the American people. One of the main advantages of establishing a sovereign wealth fund for infrastructure is the
The latest annual bridge report from the American Road & Transportation Builders Association has shed light on the critical state of the nation’s bridges. According to the report, one-third of bridges in the U.S. are in dire need of repairs or replacements. This amounts to nearly 221,800 bridges that require major work to ensure the
As we reflect on the two-year anniversary of the Inflation Reduction Act, it is crucial to assess the impact of this legislation on clean energy investments across the United States. A recent report from the clean energy think tank RMI sheds light on the progress made in capturing potential funding opportunities under the Biden administration’s
Rep. Steven Horsford, D–Nev., is anticipated to fill the vacant seat on the Ways and Means committee following the passing of Rep. Bill Pascrell, D–N.J., last month. Horsford, who previously served on the committee for two terms from 2019 – 2023, currently holds a seat on the House Financial Services Committee. In order to officially
Recent reports from the Bureau of Economic Analysis indicate that inflation is showing signs of easing, with the personal consumption expenditures index for July coming in at 2.5% over the same point last year. Core PCE, which factors out food and energy, was up 2.6% year over year, with prices rising 0.2% from June in