IRS Form 1040 documents on a wooden table.
IRS Form 1040 documents on a wooden table.
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Gearing Up for a Potential Tax Bill in 2025

Key provisions of the Tax Cuts and Jobs Act (TCJA) begin to expire at the end of next year, teeing up the likelihood of a major tax package in the…

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Six Takeaways from the Institute 2024

New format, new topics, new Institute. Here’s a recap from this year’s conference and what you may have missed.

U.S. Capitol Building. Source: Ron Cogswell via Flickr
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FY2024 Appropriations

We are tracking the status of FY2024 appropriations, where things stand, and what it all means for bond lawyers.

President Joe Biden (D) waves at the attendees during his State of the Union Address on March 7, 2024.
President Joe Biden (D) waves at the attendees during his State of the Union Address on March 7, 2024.
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Biden Releases FY2025 Budget

The FY2025 appropriations season has begun. Here’s a quick summary of what’s inside and what we’re tracking.

Illustration of a groundhog peering over the National Mall in Washington DC.
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Groundhog Day in Washington

Congress’ long campaign of “hurry up and wait” stretches into February; a tax deal passes the House but faces uncertainty in the Senate; FY2024 spending update; and the SEC suspends…

Three houses growing in size from left to right.
An emerging tax deal in Congress could contain provisions of interest to the municipal market, including the "LIHTC Fix."
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Emerging Tax Package in 2024

A potential deal to extend the CTC and fix the tax treatment of R&D expenses may also contain the “LIHTC Fix.”

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Recap: Hearing on Climate Risk in Muni Market

Key takeaways from the Senate Budget Committee’s hearing on Wednesday, January 10, 2024.

U.S. Capitol during the holiday season.
U.S. Capitol during the holiday season.
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A Busy December: What We’re Tracking

Congress may have punted its funding problems into next year, but members still face a long to-do list before this holiday season.

Rep. Kevin McCarthy (R-CA) announces he will not run again for Speaker of the House on October 3, 2023. Source: C-Span.
Rep. Kevin McCarthy (R-CA) announces he will not run again for Speaker of the House on October 3, 2023. Source: C-Span.
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Shutdown Averted for Now, McCarthy Out, What’s Next?

A recap of where things currently stand in Washington, what may happen between now and November 17, and what bond lawyers should be watching.

View of the Grand Tetons from Jackson Lake Lodge in Wyoming where economists and central bankers from around the world convened August 24-26, 2023 for the annual Jackson Hole Economic Symposium. Source: Wikimedia Commons
View of the Grand Tetons from Jackson Lake Lodge in Wyoming where economists and central bankers from around the world convened August 24-26, 2023 for the annual Jackson Hole Economic Symposium. Source: Wikimedia Commons
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While We Were Out

We took a break from the Wrap while Congress adjourned for August recess, but this month was nonetheless a busy one. Catch up quickly on updates from while we were…

Rep. Patrick McHenry (R-NC) chairs a House Financial Services Committee meeting on July 12, 2023. Source: HFSC
Rep. Patrick McHenry (R-NC) chairs a House Financial Services Committee meeting on July 12, 2023. Source: HFSC
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ESG Month in Washington

House Republicans have launched a month-long focus on Environmental, Social, and Governance (ESG) factors in financial markets. Here’s what we know.

Aerial image of the National Mall in Washington. Source: Pixabay
Aerial image of the National Mall in Washington. Source: Pixabay
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Debt Deal Done; What’s Next?

A look at Congress’ long to-do list heading into a busy second half of 2023.