As the political landscape prepares for a critical session on tax reform, the recent hearing convened by the Senate Finance Committee serves as a bellwether for the impending battle of ideologies. With the 2024 elections on the horizon, lawmakers from both parties are positioning themselves to address major shifts in tax policy that could have
Politics
The recent discussions around the Financial Data Transparency Act (FDTA) have ignited considerable debate among financial institutions and regulatory bodies. At the heart of this tumult is the proposed rule by the Securities and Exchange Commission (SEC) that aims to establish a new system for identifying financial securities, which includes municipal bonds. The American Bankers
As the September 30 deadline looms, House Republicans find themselves engulfed in conflict, attempting to balance the urgent need to fund the government with legislative efforts aimed at altering voting regulations. The proposed bill, titled the “Safeguard American Voter Eligibility Act,” aims to reinforce existing laws prohibiting non-U.S. citizens from voting in presidential elections, a
In December, the closure of Citi’s public finance division marked a significant turning point not only for the firm but also for the entire municipal finance landscape. While many bankers swiftly transitioned to new roles, Archana Chandrasekhar chose a different path, opting to take a step back and contemplate her career trajectory. After dedicating 16
In a recent budget forecast, the city of Chicago revealed a concerning projection indicating that its corporate fund deficit could escalate dramatically. By the end of 2025, the deficit is anticipated to balloon to approximately $982.4 million, an alarming rise from the estimated $222.9 million expected by the end of 2024. This budget report, released
According to the American Road & Transportation Builders Association (ARTBA), an alarming one-third of bridges in the United States require either repair or replacement. With federal infrastructure funding playing a crucial role, states are gradually addressing this pressing issue. Based on the latest findings from the 2024 National Bridge Inventory, it’s reported that the number
As we cross the two-year mark since the Inflation Reduction Act (IRA) was signed into law, it is essential to evaluate its effectiveness and the actual allocation of funds intended to support the nation’s transition towards a clean energy future. The legislation promised substantial federal investment to spur clean energy technologies and initiatives, but the
The recent passing of Rep. Bill Pascrell, a prominent Democratic figure in Congress and longtime advocate for public finance issues, has left a significant void in the Ways and Means Committee. Now, the spotlight is on Rep. Steven Horsford, D-Nev., who is anticipated to fill Pascrell’s seat. The late congressman’s death at 87 due to