<img src=”https://public.flourish.studio/visualisation/20863349/thumbnail” width=”100%” alt=”chart visualization” /> Municipals lost more ground Wednesday, but outperformed a selloff in the U.S. Treasury market, after the Federal Open Market Committee signaled fewer rate cuts on the horizon, with a likely pause in January. Equities also sold off, with the Dow Jones Industrial Average hitting a 10-day losing streak, the
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Conservative shadow minister Andrew Griffith has urged Elon Musk to take another look at the Tories before donating to Reform UK, highlighting his party’s low-tax and anti-woke credentials.  The tech billionaire discussed the idea of
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Robert McDermott, the former Philadelphia budget director, has joined PFM as a director for its workforce consulting team. PFM Robert McDermott, the former Philadelphia budget director, has joined PFM as a director for its workforce consulting team.  McDermott is the latest veteran of Philadelphia’s finance department to join PFM, part of the firm’s ongoing strategy to
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After the Pinellas County Commission approved bonds to help fu nda replacement for Tropicana Field, the team resurfaced a demand for more money, which had previously been rejected.Bloomberg News After the Pinellas County Commission approved $312 million of bonds to help finance construction of a professional baseball stadium, an old obstacle to the deal reappeared,
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“The RFK Stadium bill is a win-win for the federal and D.C. governments,” said Congresswoman Eleanor Holmes Norton. ”It would allow D.C. to transform the crumbling, long-vacant campus from acres of asphalt to a complex focused on community sports, recreation, park space and cultural amenities. Additionally, this bill would allow D.C. to create a mixed-used development
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Washington Gov. Jay Inslee introduced a 2025-27 biennium budget proposal Tuesday he says will need to account for billions in increased costs due to inflation.Washington office of the governor Washington Gov. Jay Inslee released a proposed balanced, belt-tightening, biennium budget for 2025-27 in response to $12.6 billion in increased costs to the state due to
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“I think the update does try to capture some of the new trends and how the industry has evolved,” said Dan Aschenbach, owner of AGVP Advisory and an author of a new NFMA paper on recommended best practices in disclosure for public power agencies and utilities.Dan Aschenbach Investors in public power bonds are looking for
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Stay informed with free updates Simply sign up to the UK house prices myFT Digest — delivered directly to your inbox. London rents rose at the fastest pace on record in November, according to official data that highlights the intensifying pain for tenants after two years of rising costs. Rents in London increased by 11.6
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Chicago Mayor Brandon Johnson got his budget through the City Council on Monday, without a proposed property tax increase.Bloomberg News After multiple attempts, Chicago Mayor Brandon Johnson got his 2025 budget through the City Council, without the property tax increase he proposed in October. The final $17.3 billion budget narrowly passed Monday, 27-23, less than
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