Federal judge weighs whether to dismiss charges against MA in Rochester case
A federal judge is weighing whether to dismiss the charges against Capital Market Advisors, which was municipal advisor to the...
Bonds
Fitch lifts Ohio to AAA
Fitch Ratings lifted Ohio's issuer default and general obligation rating to AAA Thursday over its "fiscal resilience" bolstered by stronger...
Fed’s Evans sees another jumbo rate hike on table in September
Federal Reserve Bank of Chicago President Charles Evans said policy makers could deliver a third straight jumbo increase in interest...
Cook County gives local governments more time to apply for loan program
Cook County, Illinois, extended the deadline by one week for eligible local governments to participate in a $300 million borrowing...
Fed report shows weak U.S. growth outlook with inflation cooling
The Federal Reserve said U.S. economic growth prospects were weak and set to slump further over the next year, while...
Munis weaker but outperform UST selloff
Municipals were weaker to kick off the holiday-shortened week, but outperformed a U.S. Treasury selloff that saw the 30-year UST...
Smaller firms fear MSRB’s G-14 proposal would be a nightmare
In bringing trade reporting times down to 1 minute from the current requirement of 15 minutes, the Municipal Securities Rulemaking...
Baker Tilly acquisition bulks up its offerings for local governments
Baker Tilly US LLP will acquire the local government consulting firm Management Partners to supplement the range of services its...
Respected IRS TEGE leader hangs up her spurs
Sunita Lough, the respected head of the Internal Revenue Service's Tax-Exempt and Government Entities division, is stepping down at the...
All eyes on Texas as culture war creep continues in muni market
The encroachment of culture wars into the municipal bond market will likely increase, with Texas, which has enacted laws to...
If Oregon revenues remain strong, taxpayers could get kicker rebate
Oregon economists predicted both moderate revenue growth and the possibility of a recession during their September forecast.Economists told lawmakers this...
Puerto Rico Oversight Board sues governor over labor law
The Puerto Rico Oversight Board filed suit against Gov. Pedro Pierluisi regarding a labor law it says reduces the island's...
Munis steady ahead of holiday-shortened week
Municipals were steady Friday ahead of a holiday-shortened week where investors will be greeted by two large deals from the...
A proposed Alabama amendment would add pay-go option to bond authority
An Alabama ballot measure would allow local governments to use voter-approved special tax authority that is now reserved for bonds...
Severe construction worker shortage undermines infrastructure package
What should be a full pipeline of national projects supported by an influx of federal infrastructure funds is being stymied...
Munis sell off on long end, mutual fund outflows intensify
Municipals sold off 10 years and out Thursday with triple-A benchmark yields rising up to double-digits on the long end...
MSRB files to change continuing education rule for dealers
The Municipal Securities Rulemaking Board's proposed changes to its rule governing continuing education for dealers tighten the time period for...
Munis little changed to close August; Muni mutual funds see outflows
Municipals were little changed Wednesday, being cut a basis point or two in spots to close out August, while U.S....
Fed’s Mester backs rates above 4% early next year, no 2023 cuts
The Federal Reserve needs to raise its benchmark rate above 4% by early next year and leave it there for...
Munis steady to weaker in spots, USTs mixed
Municipals were steady to weaker in spots Tuesday, while U.S. Treasuries were mixed and equities ended down.The two- and three-year...
L.A. mandates increased access for women, minorities in procurement process
L.A. Mayor Eric Garcetti's mandate to increase access of women-owned and minority-owned businesses to city contracts will not impact how...
