Caitlin Devitt

When Citi shuttered its storied public finance division in December, nearly all of the firm's roughly 120 bankers quickly landed new positions in the municipal market.

The candidates touched on muni-adjacent issues like energy policy, housing and tariffs but offered little new information on infrastructure proposals or tax policies.

The agencies are overstepping their statutory authority in trying to force the market to adopt a new securities identifier, says the American Bankers Association.

President Joe Biden's so-called billionaire tax supported by Vice President Kamala Harris, which would tax unrealized gains from assets including bonds, would raise $500 billion over 10 years, according to Sen. Elizabeth Warren, D-Mass.

After just 20 months on the job, Federal Highways Administration head Shailen Bhatt has departed for the private sector.

Transportation public-private partnerships of various shapes and in various stages are popping up around the country, with a pipeline of more than $22 billion and the action centered in the southeast.

Transcription: Transcripts are generated using a combination of speech recognition software and human transcribers, and may contain errors.

"It's great people are thinking about creative solutions, but don't forget the rules still apply," said the SEC's Dave Sanchez.

As extreme weather becomes more common and the federal deficit hits new records, the onus will be on state and local governments to finance the future of resilient infrastructure.

The record pace of municipal bond supply this year is driven in part by cities and states realizing projects won't get any cheaper if they wait.