What We’re Tracking
On Thursday, June 24, President Biden and a group of Senators announced that that they had reached an agreement on a bipartisan infrastructure plan framework. The plan proposes $579 billion…
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On Thursday, June 24, President Biden and a group of Senators announced that that they had reached an agreement on a bipartisan infrastructure plan framework. The plan proposes $579 billion…
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Last updated: August 12, 2021 at 2:18pm For several Congresses, state and local officials have held that infrastructure was an area where bipartisan consensus may…
President Biden recently unveiled a summary blueprint of the American Jobs Plan, a large $2 trillion proposal to modernize the national infrastructure network. The blueprint…
Both the House and Senate have approved the $1.9 trillion COVID-19 response package. We will continue to analyze the contents of the package, but here’s…
On Monday, December 21, Congressional leadership released text on a historically large bipartisan deal to fund the government through September 30, 2021 and provide additional…
Issues Explained
States and other municipal issuers use refunding bonds to essentially refinance an outstanding debt issue. The proceeds of the refunding are reserved to continue debt…
As investors, banks generally may not write off the carrying costs associated with holding municipal securities when determining their federal tax liability. This prohibition negates…
Unlike traditional municipal bonds, direct subsidy bonds are generally taxable, but include a federal subsidy to the issuer worth a portion of the interest costs….
More News
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) opened the fiscal year (FY) 2021 funding round for the CDFI Rapid…
The Biden-Harris Administration has made a number of changes to the way in which the Small Business Administration (SBA) will administer the Paycheck Protection Program…
The U.S. Department of Treasury released updated FAQs relating to its Emergency Rental Assistance Program (ERAP). The 2021 Consolidated Appropriations Act established the ERAP, which…
The Federal Emergency Management Agency (FEMA) issued a statement today indicating that “all work eligible under FEMA’s existing COVID-19 policies, including increasing medical capacity, non-congregate…
On Tuesday, the Senate confirmed Pete Buttigieg with a bipartisan vote to serve as the 19th Secretary of the U.S. Department of Transportation. Buttigieg previously served Mayor of South…
This morning, a group of 10 Republican Senators released a smaller COVID-19 stimulus package to respond to President Biden’s request for $1.9 trillion in additional stimulus. The…
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