The recent executive order issued by President Donald Trump, aiming to identify and penalize so-called “sanctuary cities,” showcases an escalating confrontation between federal authority and local governance. This move not only exemplifies a volatile political climate but also raises significant questions about the balance of power between federal and state jurisdictions. With an impressive number
Politics
In a significant yet contentious development, Washington state legislators narrowly approved a sweeping budget proposal totaling $77.9 billion. Approved during an intense weekend session, lawmakers faced an uphill battle as they scrambled to address an eye-watering projected deficit of $16 billion over the next four years. This budget, however, presents a disturbing mixture of tax
The recent intervention by Oregon and eleven other states against President Trump’s tariffs marks a pivotal moment in American governance, one that could redefine the balance of power between the executive branch and Congress. When Oregon’s Attorney General, Dan Rayfield, stepped forward with the lawsuit—State of Oregon, et al, v. Trump, et al—he effectively challenged
Navigating the waters of financial regulation is no easy feat, particularly in the complex landscape of municipal securities. At the helm of this intricate system is the Municipal Securities Rulemaking Board (MSRB), a self-regulatory organization that ensures the smooth functioning of the municipal securities market. Recently, the board held its quarterly meeting to assess key
In the realm of public finance, few topics stir as much debate as the tax-exempt status of municipal bonds. Enter Michael Lissack, a Wall Street whistleblower whose latest book, “The Inefficiency Of Municipal Tax Exemption,” challenges the bedrock assumptions that have long underpinned this financial instrument. Lissack’s audacious proposition is not merely a critique but
In Oklahoma, a fierce political battle has erupted, prominently featuring Attorney General Gentner Drummond and State Treasurer Todd Russ. This clash is not merely about policy; it symbolizes a deeper conflict over the authority and responsibilities attributed to each office under the state constitution. On the surface, the contention appears focused on a specific anti-Environmental,
In an age where traditional transportation funding mechanisms are faltering, a remarkable two-thirds of U.S. states have introduced or are considering new transportation funding bills this year. The gas tax, once a reliable source for infrastructure funding, has become increasingly inadequate due to the growing popularity of electric vehicles and fuel-efficient cars. With the American
In an audacious shake-up, the Trump administration has seized control of the $7 billion transformation of New York’s iconic Pennsylvania Station, marking a significant pivot away from the Metropolitan Transportation Authority (MTA). The Federal Railroad Administration (FRA), under Secretary Sean Duffy’s leadership, has taken the helm alongside Amtrak, the owner of the train station. This
The trade relationship between the United States and China has evolved into a high-stakes chess game, where each tariff increase serves as another move signaling escalating tension. As we stand on the brink of a new chapter in this conflict, the mere notion of a 90-day pause feels less like peace and more like a
In a move that is stirring significant controversy, the Ohio House recently approved an operating budget that includes a cap on school districts’ carryover balances at 30% of their annual operating costs. The rationale behind this change, as presented by proponents, is to alleviate property tax burdens on homeowners. However, this provision could have negative