The Senate Finance Committee recently opened a crucial forum on the complex and contentious issue of tax reform, setting the stage for a robust debate that looms over the upcoming fiscal year. Highlighted during this hearing was the marked divide between Democratic and Republican approaches to tax policy, illustrating starkly different philosophies regarding wealth accumulation
Politics
The American financial landscape is poised for a significant shift as the Securities and Exchange Commission (SEC) and other federal agencies propose a controversial new framework under the Financial Data Transparency Act (FDTA). Enacted in December 2022, the FDTA seeks to modernize the disclosure of municipal securities by mandating that such information be accessible in
As the fiscal deadline of September 30 approaches, tensions are mounting within the House Republican party regarding legislation intended to secure government funding. The depletion of federal funding, which affects the entire country, is at the heart of these disputes. Notably, a particular piece of legislation, known as the “Safeguard American Voter Eligibility Act,” is
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.
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