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Amtrak’s poor planning could mean more delays and cost overruns on its largest infrastructure project, a $6 billion replacement of the Baltimore-Potomac tunnel, Amtrak’s inspector general said in a new audit. Amtrak is starting to address the planning problems by beefing up staff, but initially it did not have an effective management structure or enough

The House Committee on Transportation and Infrastructure prides itself on staying away from drama, but could witness a post-election power struggle for leadership, as industry groups hedge their post-election bets.   “Depending on which party is in the majority, APTA’s strategy and tactics, particularly our messaging, may change,” said Paul P. Skoutelas, American Public Transportation Association

Moody’s Ratings upgraded about $900 million of various Florida special tax debt as well as its Garvee bonds Tuesday stemming in part from the application of the agency’s new U.S. states and territories rating methodology. The rating agency upgraded $317.5 million of lottery revenue bonds to Aa1 from Aa3 issued through the Florida State Board

The Securities and Exchange Commission has charged Thrivent Investment Management for violating the obligations in Regulation Best Interest when brokers for the firm recommended Class A mutual fund shares instead of Class C mutual fund shares in Illinois and Nebraska 529 Savings Plans. Without admitting or denying the findings, the firm has agreed to a

Amid an onslaught of outsized new issuance, many deals have been oversubscribed as buyers clamor for paper, particularly in the high-yield space and from specialty states. “It’s been a bit of a fight for deals that come to the primary market,” said Jon Mondillo, global head of Fixed Income at abrdn. Despite issuance up 35.2%

The devastation Hurricane Helene rained on the mountain region of western North Carolina can be handled financially by governments in the short term but other municipal issuers may struggle and the long term is cloudy, analysts say. Helene hammered the area from Friday through Sunday, bringing rainfall amounts up to 31.3 inches, hurricane winds up

Municipals were a touch softer Wednesday, but outperformed U.S. Treasury weakness as investors focused on the primary market with several large new-issues pricing to solid demand. Equities were in the black to close the session. Triple-A yield curves were little changed to weaker by one to four basis points, depending on the curve, while Treasuries

There were many “trailblazers” at the Muni Pride LGBTQ+ History Month Social Mixer, Connecticut Treasurer Erick Russell said in his speech at the event.  “Even if you aren’t a first, say, for your profession, or a first in your organization, the worlds of finance and law and government have not always been the best when

An agreement that could lead to the issuance of up to $900 million of bonds to finance the renovation of a major league sports arena in Salt Lake City and the development of a downtown district was approved late Tuesday by the city council. The debt would be paid off with revenue from a 0.5%,

As affordable housing has stepped into the spotlight in the presidential election, including during Tuesday’s vice-presidential debate, Vice President Kamala Harris is touting transit-oriented development as a way to increase housing in urban areas. “Some of the work is going to be through what we do in terms of giving benefits and assistance to state

The Municipal Securities Rulemaking Board has approved a $48.8 million budget for the 2025 fiscal year, a 2.9% increase from the prior year and its first after the Securities and Exchange Commission suspended its FY2024 rate card and after the board conducted a couple of stakeholders meetings on its budgeting process. For FY 2025,  $15.1

The Securities and Exchange Commission has closed out its case against Matthias O’Meara and Choice Advisors, who acted as unregistered municipal advisors and were the first to be charged under MSRB Rule G-42 on the duties of non-solicitor municipal advisors, winning judgments of $312,572 for O’Meara and $187,337 for Choice. That comes after the U.S.

Investortools and ficc.ai have partnered to stream the latter’s predictive trade levels into the former’s Investortools Dealer Network. This integration gives Investortools’ clients greater “AI-driven pricing intelligence,” allowing them to make more informed decisions and have the flexibility to incorporate their preferred real-time pricing data providers, according to a press release. Through the integration, Investortool’s

The Ohio Water Development Authority was scheduled to return to market Tuesday with triple-A-rated revenue bonds, including $400 million of new money green bonds. New money proceeds will reimburse the agency for loans financing wastewater, stormwater and water pollution prevention projects. The OWDA jointly administers, with the Ohio Environmental Protection Agency, the state’s bond-funded wastewater

In her new role as Indianapolis-based managing director at Crews & Associates, Susan Reed aims to bring both creative ideas and a deep well of experience to bear on the challenges facing Indiana issuers. Reed, who has worked as a bond attorney and a municipal advisor and has served in a community and economic development