When Citi closed its public finance division, Archana Chandrasekhar took the opportunity to reflect on her 14 years at the firm. She realized that her skill set extended beyond municipal finance to sub-investment grade project finance. This realization led her down a new path, away from the traditional banking world and towards real estate investments.
Politics
Chicago recently released a budget forecast indicating a significant increase in its corporate fund deficit in the coming years. The deficit is projected to grow from $222.9 million at the end of 2024 to a staggering $982.4 million in 2025. This forecast, provided by Mayor Brandon Johnson’s administration, paints a concerning picture for the city’s
Former President Donald Trump recently proposed the creation of a U.S. sovereign wealth fund to finance infrastructure projects during a speech to the Economic Club of New York. This proposal aims to invest in national endeavors for the benefit of all American citizens. However, upon closer examination, the feasibility and potential implications of such a
The latest annual bridge report released by the American Road & Transportation Builders Association has shed light on the critical state of bridges in the United States. The report revealed that one-third of bridges in the country are in dire need of repair or replacement. This alarming statistic highlights the urgent need for infrastructure investment
Since the implementation of the Inflation Reduction Act (IRA), states have been slow to capture the full potential of the Biden administration’s climate legislation funding opportunities, with an average of only 7% being utilized. This slow uptake can be attributed to the fact that the tax credits, which constitute the majority of federal support, are
Rep. Steven Horsford is expected to fill the vacant seat on the Ways and Means Committee that was left open after the passing of Rep. Bill Pascrell last month. In order to officially take on this new role, Horsford will need to be nominated by his party’s Steering and Policy Committee and approved by the
In recent reports, it has been noted that inflation has been showing signs of easing, especially in the personal consumption expenditures (PCE) index, which is the Federal Reserve’s preferred pricing index. The PCE index for July revealed a 2.5% increase over the previous year, while the core PCE, which excludes food and energy, was up
Recently, a business group took a bold step by filing a lawsuit to challenge the constitutionality of a Texas law that penalizes banks and financial firms for boycotting the fossil fuel industry. The lawsuit argues that this law infringes upon free speech and association rights protected under the First and Fourteenth Amendments of the U.S.
The recent special session of the Colorado Legislature concluded with the passing of House Bill 1001, aimed at addressing property tax cut initiatives that were creating concerns in the state’s municipal bond market. This bill was a result of a negotiated deal with the backers of Initiatives 50 and 108, who agreed to withdraw their
The idea of a national infrastructure bank was pitched to delegates and other political figures at the Democratic National Convention by supporters who believe in its potential to address the nation’s growing infrastructure needs. The National Infrastructure Bank Coalition made efforts to raise awareness about the bill proposed by Rep. Danny Davis, D-Illinois, and emphasized