The Financial Data Transparency Act (FDTA) has become a focal point of contention between regulatory bodies and financial entities, with significant implications for how the market processes financial data. The American Bankers Association (ABA) is vigorously opposing recent proposals from the Securities and Exchange Commission (SEC), claiming these moves represent an unwarranted overreach of regulatory
Politics
The ongoing saga within the House of Representatives offers a compelling look at the gridlock that often plagues U.S. governmental processes, especially when appropriations and legislative priorities collide. As House Republicans grapple with critical proposals that link the maintenance of government operations to voting regulations, the potential consequences stretch beyond Washington, illustrating the profound impact
After Citi closed its public finance division, banker Archana Chandrasekhar took a unique path by pausing before diving back into the municipal market. This decision led her to start a new firm, Full Moon Capital, focusing on investing in purpose-built real estate developments at universities and hospitals. During her 14-year tenure at Citi, Chandrasekhar specialized
The recent budget forecast released by Chicago has painted a grim picture of the city’s financial future. The projected corporate fund deficit is set to grow exponentially in the upcoming years, with estimates jumping to a staggering $982.4 million by 2025. This significant increase from $222.9 million at the end of 2024 raises concerns about
During a speech at the Economic Club of New York, former President Donald Trump suggested the establishment of a U.S. sovereign wealth fund to finance infrastructure projects that would benefit all Americans. Trump emphasized the importance of such a fund, questioning why the United States does not already have one when many other countries do.
Bridges in the United States have long been in dire need of repair and replacement, with recent reports indicating that one-third of them are in need of attention. The American Road & Transportation Builders Association’s latest annual bridge report shows that there are around 42,067 bridges in poor condition, a slight improvement from the previous
As the Inflation Reduction Act (IRA) approaches its two-year mark, states have only managed to capture a fraction of the potential funding opportunities provided by the Biden administration’s signature climate legislation. Reports indicate that, on average, states have accessed approximately 7% of the available funds. This limited uptake is attributed to the fact that the
Rep. Steven Horsford, a Democrat from Nevada, is anticipated to fill the vacant seat on the Ways and Means committee following the passing of Rep. Bill Pascrell from New Jersey. This decision comes after Rep. Pascrell sadly passed away last month due to a respiratory illness at the age of 87. The National Association of
Inflation continued to show signs of easing in the Federal Reserve’s preferred pricing index, setting the central bank up to cut interest rates for the first time in more than four years next month. The personal consumption expenditures, or PCE, index for July came in at 2.5% over the same point last year, according to
The recent lawsuit filed by the American Sustainable Business Council against Texas Comptroller Glenn Hegar and Attorney General Ken Paxton in federal court in Austin sheds light on the controversial nature of a 2021 Texas law targeting financial firms. This law, which penalizes banks and other financial institutions for “boycotting” the fossil fuel industry, has