As Congress wrestles with budget reconciliation, a larger crisis simmers beneath the surface: the dire state of U.S. infrastructure. Despite being one of the wealthiest nations in the world, we find ourselves grappling with aging roads, crumbling bridges, and overstrained rail systems. Jon Phillips, CEO of the Global Infrastructure Investor Association, aptly highlights one of
Politics
As the West Coast states gear up for fiscal 2026, a specter emerges—a stark financial reality that has state leaders grappling with unprecedented budget cuts. Just a few months ago, California was riding high with a $363 million surplus. Today, as state coffers run dry, projections indicate a staggering $12 billion shortfall. Washington and Oregon
Harvard University, an institution synonymous with prestige and excellence, finds itself embroiled in a turbulent period that has sent shockwaves through the municipal bond market. For decades, the university’s tax-exempt bonds have been considered the gold standard among investors; however, a confluence of political strife, administrative challenges, and financial uncertainty has led to a significant
In the grand theater of Washington D.C. politics, the upcoming construction of a $3.2 billion stadium, while touted as a beacon of future investment, raises significant questions about fiscal priorities. Mayor Muriel Bowser has framed the budget as a sound investment in the district’s future, yet the reality is far from rosy. With the unveiling
The escalating conflict between state and federal regulations is back in the spotlight, particularly with California’s bold stance against the Trump administration. The state, known for its progressive environmental policies, has chosen to challenge recent efforts by the federal government to dismantle vehicle emission standards that have long set benchmarks for air quality in the
When we discuss the financial health of a nation, the Treasury market often becomes the focal point. Recent remarks made by Federal Reserve Governor Christopher Waller highlight a serious concern for both investors and average citizens alike—the ever-growing disconnect between fiscal policy and the realities of the nation’s debt burden. Waller indicated that despite a
The ongoing debate over the cap on state and local tax (SALT) deductions is a telling reflection of the broader economic struggles that many states are facing. As reported by Lucy Dadayan of the Tax Policy Center, states are grappling with stagnant revenue growth, making the fiscal outlook grim. This situation highlights the tension between
In the midst of an escalating financial struggle for infrastructure funding, the future of public transit hangs precariously in the balance. One of the most contentious debates revolves around the upcoming reauthorization of the surface transportation bill, a bureaucratic process that’s often fraught with compromises and vagaries. According to Rep. Rick Larsen, the ongoing discussions
The ongoing bankruptcy case of the Puerto Rico Electric Power Authority (PREPA) reveals a significant clash between the Puerto Rico Oversight Board and PREPA’s bondholders, with a staggering $3.7 billion in administrative expense claims at the forefront. This isn’t merely a financial disagreement; it’s a critical inquiry into Puerto Rico’s fiscal health and political future.
As the dust settles on the tumultuous political landscape of the past decade, one thing remains glaringly clear: American infrastructure is in jeopardy. With the system on the verge of collapse, we find ourselves at a critical juncture where public financial limitations meet the pressing need for innovation. The ongoing debate surrounding the reliance on