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<img src=”https://public.flourish.studio/visualisation/21164578/thumbnail” width=”100%” alt=”chart visualization” /> Municipals were weaker for the third consecutive trading session amid a heavy new-issue calendar, while U.S. Treasury yields fell slightly and equities ended mixed. Several large new-issues priced into a weaker market, including San Francisco International Airport, Jacksonville Electric Authority water and sewer bonds, Miami-Dade County School Board, Dallas

Firefighters at a burning structure during the Palisades Fire in Los Angeles Wednesday.CAL FIRE The Los Angeles-area wildfires are affecting the ratings and yields on the city’s bonds. On Tuesday, S&P Global Ratings lowered its long-term and underlying ratings on the Los Angeles Department of Water and Power to A from AA-minus for its power

“During the first Trump presidency, the tax cuts were the rocket fuel that propelled America out of the stagnation of the Obama years,” said Committee Chairman Jason Smith. ”By every conceivable measure, American workers and the economy were better off. Americans earned bigger paychecks, unemployment for every group was at historic lows, and poverty dropped to

An expansion of the state and local tax deduction cap would be targeted at middle-class taxpayers, not the “ultra wealthy,” said New York Republican Rep. Nicole Malliotakis.Bloomberg News New York Republican Rep. Mike Lawler last week introduced a bill to significantly expand the state and local tax deduction cap in a fresh effort to resolve

“I expect revenues to grow in the next biennium, although at a more moderated pace than historical levels,” Texas Comptroller Glenn Hegar said.Michael Dorman Texas is expected to have an estimated $194.6 billion available for general fund spending in its next biennial budget, 1.1% less than in fiscal 2024-25 due to a smaller, but still