Washington

Transportation officials and lawmakers are exploring the road ahead for the Highway Trust Fund, electric vehicle user fees, and the reauthorization of the surface transportation bill as friction over funding mounts.

The muni industry is trying to get to the bottom of questions around how the House arrived at savings estimates for eliminating the tax exemption.

The Treasury department aims to stand it up within the next 12 months.

Issuers, trade organizations, and investors team up to fight the threat to the tax-exempt status of municipal bonds by laying out its effect on borrowing, the housing market, and infrastructure costs.

The change, which marked a move away from recent norms, was made since President Donald Trump took office on Jan. 20, the people told Reuters.

MSRB believes "it's an appropriate time" to launch a holistic review of its municipal advisor rules, CEO Mark Kim said.

Investors added $741.7 million to municipal bond mutual funds in the week ending Wednesday, following $2.078 billion of inflows the prior week, according to LSEG Lipper data.

Dealer groups are urging the Municipal Securities Rulemaking Board to change the way it charges fees to municipal advisors.

A group of Democratic states Thursday filed a fresh motion for an injunction, arguing the administration may continue to freeze federal funds despite the recission.

State and local governments are on strong financial footing and are investing in Treasury securities as chaotic federal moves shake out.