The landscape of municipal bonds is currently experiencing a significant resurgence, with many experts predicting that this momentum will extend beyond the impending November elections. The recent infrastructure conference held in Philadelphia highlighted this optimistic outlook, with panelists discussing the record levels of issuance this year and noting that favorable economic conditions are likely to
Politics
The recent announcement from former President Donald Trump regarding his support for lifting the cap on the State and Local Tax (SALT) deduction has stirred significant discussion across political and economic platforms. Reported through his personal social media outlet, Truth Social, Trump’s promise has captured the attention of many, particularly residents of high-tax states like
On November 5, Utah voters will face a pivotal decision regarding a significant constitutional amendment that seeks to reshape the state’s funding landscape. Proposed as Amendment A, this initiative aims to provide the Utah government with increased flexibility in utilizing tax revenues that have traditionally been earmarked solely for K-12 public education. Specifically, it targets
The financial outlook for Houston is becoming increasingly precarious, as seen in the recent negative revisions to its credit rating outlook by Fitch Ratings. The downgrade from stable to negative signals a troubling trend that reflects a broader financial instability gripping the city. The key driver for this shift is a reduction in the city’s
The stage for an extensive tax debate has been set as the Senate Finance Committee convened to discuss the implications of upcoming policy shifts. With yet another tax season looming, the divergences in ideology between Democrats and Republicans are stark. The conversation reflects long-standing tensions regarding tax reform, with discussions centering around the protection of
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
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.