monkeybusinessimages | Getty There are signs that the housing market is swinging to favor buyers. However, renewed worries about the economy are holding some buyers back. On the upside for homebuyers, home price growth has slowed and mortgage rates have retreated from recent peaks. The median sale price for homes was $375,475 in the four
NAMA’s Susan Gaffney The Municipal Securities Rulemaking Board’s decision to launch a holistic review of its municipal advisor rules is “completely understandable,” National Association of Municipal Advisors Executive Director Susan Gaffney said, but before the MSRB makes any big changes she hopes “it will engage with the MA community.” The MSRB’s second quarterly board meeting
Chicago’s Loop in 2024. The city’s alderpeople are divided over a general obligation bond sale, but Mayor Brandon Johnson appears to have enough votes to pass the measure at the next meeting. Bloomberg News Chicago aldermen delayed a vote on $830 million of general obligation bonds at Wednesday’s City Council meeting, but the move only
“When this session ends, we’re going to be providing more funding for public education than ever before in the history of the state of Texas,” Gov. Greg Abbott said at a Texas Public Policy Foundation event on Wednesday.Texas governor’s office Stagnant state funding and rising costs are reducing budget flexibility for Texas school districts, according
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world European stocks have outpaced the US in the month since President Donald Trump’s inauguration, as hopes rise that the region might escape a worst-case scenario trade war. The benchmark Stoxx Europe 600 index
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Be careful what you wish for. Silicon Valley’s frantic courting of Donald Trump appears to be paying off. In his first week, the US president scrapped a Biden executive order on AI safety
President Donald Trump said his administration is going to audit the U.S. gold reserves kept at Fort Knox in Kentucky. “We’re going to go to Fort Knox, the fabled Fort Knox, to make sure the gold is there,” Trump said Wednesday on Air Force One. A drive to audit Fort Knox has gained steam from
White Lake Township, Michigan, is facing legal action on two fronts, one of which is related to the cyberattack that sabotaged its bond sale last year.White Lake Township White Lake Township, Michigan, faces a legal threat from the lead underwriter of a bond sale that was compromised by an online hack. Attorneys for Baird, leader
Miami International Airport will sell $526 million of municipal bonds this week. Bloomberg News Miami-Dade County is selling $526 million of aviation revenue bonds this week, as the number of passengers using Miami International Airport continues to bounce back from the pandemic and exceed pre-COVID numbers since the pandemic’s low in 2020. The deal consists
Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. Kyiv’s defence intelligence unit rigged with explosives a batch of drone pilot goggles destined for use by Russians on battlefields in Ukraine, said officials with direct knowledge of the operation. The officials told the Financial
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. There are, it turns out, plenty of people in the UK ready to cheer JD Vance’s gaslighting speech denouncing his European allies at the Munich Security Conference. One of those present likened the US vice-president’s
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world The US is opposing calling Russia the aggressor in a G7 statement on the third anniversary of Moscow’s full-scale invasion of Ukraine, threatening to derail a traditional show of unity, according to five
<img src=”https://public.flourish.studio/visualisation/21715678/thumbnail” width=”100%” alt=”chart visualization” /> Municipals were little changed Wednesday as U.S. Treasuries were firmer and equities ended mixed. The two-year municipal to UST ratio Wednesday was at 63%, the five-year at 63%, the 10-year at 66% and the 30-year at 84%, according to Municipal Market Data’s 3 p.m. EST read. ICE Data Services
The Trump administration withdrew approval for New York City’s congestion pricing program citing concerns over the size of the program and the use of proceeds for transit.Bloomberg The Trump administration Wednesday terminated federal approval for New York City’s congestion pricing program just weeks after it took effect. The Metropolitan Transportation Authority immediately headed to federal court
It’s still too soon to fully calculate the cost of the Los Angeles wildfires, but one thing is clear: The cost of insurance will go up, and that will affect not just the value of LA real estate but of real estate across the nation. The losses from those wildfires may seem unimaginable now, but
“Democrats cannot agree to any permitting reform unless and until the Trump administration ends its lawless disregard for congressional authority and judicial orders,” said Ranking Member Sen. Sheldon Whitehouse. ”Billions in obligated funds remain frozen behind a fog bank of silent executive contumacy in blatant disregard of constitutional separation of powers, direct court orders and basic
The Texas State Capitol. The state education agency replaced the board and superintendent of the South San ntonio Independent School District. Bloomberg News The Texas Education Agency replaced the entire leadership of the South San Antonio Independent School District. The move announced on Wednesday comes after nearly two decades of dysfunction “resulting in diminished student
Tamika Reed has joined Siebert Williams Shank as senior vice president at its new Montgomery, Alabama, office. Siebert Williams Shank hired two professionals for its municipal underwriting team and opened a new office in Montgomery, Alabama. SWS hired Tamika Reed as senior vice president in the new Alabama office and Narineh Panosian as vice president
The Trump administration has halted formula funds that former President Joe Biden sent to the states to create a national network of electric vehicle charging stations. Dania Maxwell/Bloomberg A dispute over the National Electric Vehicle Infrastructure program, one of the most costly and high-profile programs in former President Joe Biden’s 2021 Infrastructure Investment and Jobs
In this article FMCC FNMA Follow your favorite stocksCREATE FREE ACCOUNT Fannie Mae and Freddie Mac, two pillars of the U.S. mortgage market, are currently controlled by the federal government. Some in Washington, D.C. expect President Trump to push for the end of their conservatorship. “We have a mortgage finance system that works really well
Marion, Illinois, plans to sell $115 million of STAR bonds to finance the redevelopment of a mall and surrounding parcels of land. City of Marion In a first for the Midwest, a city in southern Illinois plans to use sales tax and revenue bond proceeds to fund a mall redevelopment. Next Wednesday, Stifel will price
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