Washington

The American Securities Association's federal appeals court case regarding an SEC order has been stayed until Aug. 13.

The American Society of Civil Engineers released its infrastructure report card, which shows that billions spent on infrastructure is having overall positive effects on the condition of the nation's bridges, highways, and ports.

NewEdge Securities was also ordered to pay disgorgement of $750,746 plus interest.

The rating agency cited a tax cut package enacted by the state last year and uncertainty over federal policies for the outlook revision to stable from positive.

All eyes are on the Federal Reserve, which is waiting for clarity on inflation and fiscal policy before making its next move. The May 6-7 Federal Open Market Committee meeting could be the one where rate cuts resume. Join us May 8 at 1 p.m. as Luke Tilley, chief economist at Wilmington Trust, breaks down the meeting, Chair Powell's press conference and what may lie ahead.

Most of Thursday's issuance came from competitive deals, the largest being the Dormitory Authority of the State of New York with $2 billion-plus and California with $889 billion.

The EPA's "termination of these grants appears to contravene a duly enacted statute," said U.S. District Judge Tanya Chutkan.

Natural disaster disclosure warrants 'a special focus,' NFMA's 2025 chair says.

Mesirow's George Barbar said the group's top legislative focus is preserving the municipal bond tax exemption.