Washington

How Congress and the Trump administration navigate the next several months carries implications for municipal issuers and investors.

Federal Reserve Bank of Kansas City President Jeff Schmid said that the central bank should continue its focus on curbing inflation, as the job market is "largely in balance."

An SEC investigation "is not a litigation," said Kathleen Marcus, a partner at Stradling Yocca Carlson & Rauth.

Secondary selling pressure and the larger calendar weighed on the market Tuesday.

Advocates have floated similar measures repeatedly over the course of several administrations with no luck.

The administration wants the project "to be a model of how to build quickly and cost effectively," Transportation Secretary Sean Duffy said.

All of fiscal 2025 was funded under continuing appropriations instead of the traditional appropriations process.

The SEC-approved amendments will become effective in two stages, the MSRB said.

By the close, muni yields were bumped up to four basis points, depending on the curve, while UST yields rose two to five basis points.

A congressional budget impasse is leading toward a stopgap funding measure via a continuing resolution which could solve a budget shortage in the District of Columbia.