Politics

In the world of municipal bonds, Harvard University has long been a name synonymous with financial security and prestige, boasting a robust portfolio and top-tier tax-exempt bonds. Yet, recent trends reveal a disturbing discounting of Harvard’s bonds as the esteemed institution grapples with unprecedented tensions with the Trump administration. Investors, once confident in the university’s
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Amidst the cacophony of American politics, the tension between state rights and federal oversight has reached a fever pitch, particularly concerning environmental regulations. California’s recent announcement to sue the Trump administration marks the state’s 23rd legal battle against the former president. With the federal government poised to retract California’s leading-edge vehicle emission standards, Governor Gavin
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In a recent commentary, Federal Reserve Governor Christopher Waller made it clear that the central bank is stepping back from intervening in the Treasury market, despite unmistakable signs of deteriorating demand for U.S. debt. This uninvolved stance can potentially spell danger not only for the investing public but also for the broader economy. As long-term
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The unfolding drama surrounding the Puerto Rico Oversight Board and the Puerto Rico Electric Power Authority (PREPA) is an emblem of the complexities and dilemmas that characterize public financial management. The current struggle over a staggering $3.7 billion in administrative expenses has highlighted some fundamental issues in how Puerto Rico, a U.S. territory, addresses its
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In an era where America’s infrastructure is teetering on the brink of inadequacy, the Trump administration’s Department of Transportation has crafted a distinctive approach to infrastructure funding that could dramatically reshape our public works landscape. While the Biden administration injected a substantial $1.2 trillion through the Bipartisan Infrastructure Law, ongoing hesitancies linger among policymakers, finance
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