Scott Sowers

"What we're looking at for 2025 is a few warning lights on the dashboard that there could be some stress on state budgets in the next year," said

"The district's fiscal year 2025 budget request to Congress proposes $932 million for the District of Columbia, which is $142 million above the enacted level," said Rep.

Michael Decker, senior vice president of federal policy and research at the Bond Dealers of America.

"The Committee will hit the ground running in 2025," said current and future Chairman Sam Graves, R- Mo.

Federal funds flowing from the American Rescue Plan Act must be obligated by Dec. 31 as the threat of a clawback looms as a possibility.

Concerns are rising as the Congressional Budget Office has issued a report laying out the benefits of eliminating tax-exempt qualified private activity bonds.

"The RFK Stadium bill is a win-win for the federal and D.C. governments," said Congresswoman Eleanor Holmes Norton.

A continuing resolution that would have kept the government open beyond a looming deadline, use federal money to repair the Francis Scott Key

A bipartisan agreement on a continuing resolution to keep the government open fell apart after intervention from President-elect Trump and Elon Musk, raising concerns about federal funds flowing to states, local governments, and infrastructure projects.

"The whole goal of the bond fund was, 'how can we further extend economic development,' said Craig Teamer, director of finance and special projects for the Toledo-Lucas County Port Authority.