Washington

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.

As lobbying efforts happen behind the scenes in the House, the ongoing battle over the Washington, D.C., budget is attracting attention from the market and the credit rating agencies who are hedging their bets on a successful outcome.

The U.S. Department of Transportation is pressing public transit agencies to beef up their commuter safety protocols or lose federal funding while the recently passed continuing resolution raises appropriation levels for the sector by less than a half percent.

"If you're an issuer, this is fly-in season," said Jarrod Loadholt, partner at Ice Miller LLP. "Don't hope someone else is going to solve this for you — they're not."

A $1.1 billion dollar cut to the Washington, D.C., budget by way of Congressional action is on hold thanks to intensive lobbying and an intervention by the Senate as the city vows to meet its financial obligations.