Today In The Markets

Minnesota Gov. Tim Walz’s $887 million state bonding plan includes $10 million for removal of the Rapidan Dam after its partial failure in 2024.Office of Gov. Tim Walz Minnesota Gov. Tim Walz and North Dakota Gov. Kelly Armstrong have both proposed hundreds of millions in bonding as the Midwest’s governors begin rolling out state budget

The Office of Budget and Management has ordered federal agencies to pause the disbursement of federal funds while it determines whether the funding compliance with a raft of executive orders signed by President Donald Trump. Al Drago/Bloomberg The White House Tuesday sought to mollify concerns and confusion about a Monday night memo that appeared to

<img src=”https://public.flourish.studio/visualisation/21361104/thumbnail” width=”100%” alt=”chart visualization” /> Municipals were steady Tuesday ahead of the Federal Open Market Committee meeting as U.S. Treasury yields were little changed and equities ended up. This year may see higher levels of volatility due to the uncertainty about forthcoming policies from President Donald Trump’s administration, said BlackRock strategists. “An emphasis on

Sean Duffy, former Republican Representative from Wisconsin and Fox News host, easily won Senate confirmation as the next US secretary of the transportation. Kent Nishimura/Bloomberg The Senate Tuesday confirmed Sean Duffy, former U.S. Republican Representative from Wisconsin and Fox News host, as head of the U.S. Department of Transportation. Duffy was confirmed by a vote

Emily Brock, director of the federal liaison office of the GFOA.    Donna Alberico The municipal market’s advocates are responding to the threat of canceling the tax exempt status off municipal bonds with a multi-pronged approach that includes Capitol Hill visits and a letter sent to both houses of Congress by the Government Finance Officers Association.   “Elimination of the

Enjoy complimentary access to top ideas and insights — selected by our editors. Orrick Herrington & Sutcliffe retained its first-place ranking as the top bond counsel. The top 10 saw some movements in 2024, with Greenberg Traurig and Chapman and Culter entering the top 10, while Gilmore & Bell and Bracewell were bumped to the

The Iredell County Commission approved bonds totaling $124 million. The Iredell County, North Carolina, Commission approved $124 million of general obligation and limited obligation bonds, with proceeds used to build a high school, but the bonds still need approval from the state. The commission by a 5-0 vote agreed to sell GOs — expected to

Oklahoma Turnpike Authority Executive Director Joe Echelle said meetings will be held in February with sponsors of bills that seek legislative approval for toll hikes, a cap on outstanding bonds, and other matters.Oklahoma Turnpike Authority The Oklahoma Turnpike Authority will head to market this week with its biggest-ever revenue bond sale to continue financing a

PFM’s newly minted managing directors, Hope Scarpinato and Gregory Butler.PFM PFM has promoted two employees to more senior roles.  Margaret “Hope” Scarpinato and Gregory C. Butler have been promoted to managing directors. Both have worked at PFM for more than a decade.  The new positions, effective Jan. 1, are part of the firm’s annual promotion

“I believe our nation’s highest court will agree that denying St. Isidore’s charter based solely on its religious affiliation is flat-out unconstitutional,” Oklahoma Gov. Kevin Stitt said.Oklahoma Governor’s Office The fate of the nation’s first state-funded religious charter school is now in the hands of the U.S. Supreme Court. The high court on Friday agreed

Dave Sanchez, director of the Office of Municipal Securities at the U.S. Securities and Exchange Commission.Donna Aberico Unregistered municipal advisory activity in the public-private partnership space as well as insufficient oversight by state and local governments of joint powers authorities they create are persistent concerns for the Securities and Exchange Commission, the director of the

“There are a lot of moving parts here with the potential to either help or hinder the Fed’s quest for price stability and maximum employment,” said BMO Deputy Chief Economist Michael Gregory. The Federal Open Market Committee will keep rates in a range between 4.25% and 4.50% at its January meeting, analysts agree, with political