Politics

In an unexpected twist, the revered financial standing of Harvard University, often considered a bastion of stability in the municipal bond market, is facing unprecedented scrutiny and instability. The elite institution, celebrated for its academic prowess but now embroiled in a significant political conflict with the Trump administration, is witnessing its tax-exempt bonds weaken. What

In the heart of Washington, D.C., a complex financial narrative unfolds, one marked by a budget that teeters on the edge of realism. The recent budget proposal unveiled by Mayor Muriel Bowser, which sits at a staggering $21.8 billion for fiscal year 2026, aims to navigate through the city’s financial quagmire while advancing ambitious projects,

The state of California has long prided itself on being at the forefront of environmental policy, adopting stringent vehicle emission regulations that often exceed federal standards. These measures were not merely reactive; they were visionary initiatives aimed at combating pollution and preparing for a future where electric vehicles (EVs) dominate the roads. However, the anticipated

Federal Reserve Governor Christopher Waller’s recent statements underscore the precarious state of U.S. fiscal health. With the long-term bond yields soaring and the confidence among bond investors waning, we are living through a pivotal moment—one that demands immediate attention. The recent report citing a poor auction of U.S. Treasury bills should raise red flags. Our

As state and local tax deduction battles continue, a worrying portrait of fiscal reality emerges. Despite signs of improvement in personal income tax revenues, state tax coffers appear to be feeling the pinching effect of faltering corporate and sales tax contributions. Analysts like Lucy Dadayan from the Tax Policy Center are sounding the alarm: “The

In recent developments, the conversation surrounding infrastructure funding has taken a critical turn, raising concerns about the future of public transit in America. The reauthorization of the surface transportation bill promises new financial avenues, yet also casts a shadow on how those funds will be allocated. As politicians gather at legislative conferences, like the recent

In the labyrinthine world of bankruptcy, few conflicts have drawn attention like the ongoing battle surrounding the Puerto Rico Electric Power Authority (PREPA). At the heart of the turmoil lies a staggering administrative expense claim, estimated to exceed $3.7 billion, posed by PREPA bondholders. The Puerto Rico Oversight Board contends, however, that these claims should

The urgency surrounding infrastructure in the United States is undeniable. The Biden administration’s Bipartisan Infrastructure Law, a $1.2 trillion initiative, was touted as a groundbreaking opportunity to address our nation’s crumbling roads, bridges, and public transport systems. However, it’s essential to analyze the limitations of federal funding mechanisms and explore how private investment might be

In a world where political maneuvers can often appear detached from everyday hardships, the ramifications of trade tariffs are reshaping the landscape for American small businesses in a profoundly negative way. The recent pronouncements by Federal Reserve Governor Michael Barr have thrown a glaring spotlight on the turbulent waters that small enterprises must navigate due

Maryland’s recent cut in its credit rating by Moody’s to Aa1 is a clarion call for citizens and leaders alike. With this downgrade, the state joins a club of financial vulnerability that should concern every resident. The heart of the issue lies in Maryland’s overreliance on federal policies, which seemingly sway with every change in