Spending bill features disaster funds, PAYGO waiver, $5 billion of earmarks

The proposed $1.66 trillion fiscal 2023 spending plan released early Tuesday morning features a crucial waiver that will allow federal subsidies to continue to flow to direct-pay securities like Build America Bonds.

Accused municipal advisor Brandon Comer and his firm Comer Capital Group's motion for summary judgment has been denied, keeping alive the case brought by the Securities and Exchange Commission that he breached his fiduciary duty in connection with a 2015 bond offering for the Harvey, Illinois Public Library District.

Check out our latest Rising Stars and the inaugural class of Muni Hall of Famers.

The Omaha, Nebraska, City Council approved $440 million of borrowing to pay for a three-mile downtown streetcar route, cementing financing for a project billed as central to multi-billion-dollar urban core makeover.

?

Sign up here to receive The Bond Buyer's complete newsletter — delivered to your inbox daily.

In this commentary, Steve Skancke, Chief Economic Adviser at Keel Point takes a look at monetary policy and notes the Federal Reserve is out of sync with financial markets.

And if you missed any of our ESG Week coverage, make sure to check our ESG special section which has all the articles, the podcast and a taped version of the Leaders event.

?

Secondary selling pressure was concentrated most heavily on the one-year Tuesday, but sellers pushed yields higher across the curve by five to seven. Bids wanteds were on the rise again with Monday's total hitting $2.122 billion.