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Christine Cumming to Retire from N.Y. Fed
Christine Cumming, first vice president and chief operating officer of the Federal Reserve Bank of New York, Wednesday announced her intention to retire from the Bank in June 2015.
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Timothy East became the second Harrisburg, Pa., treasurer to resign in two months, a city official confirmed late Tuesday. more »
Chicago City Treasurer and former public finance banker Stephanie Neely is stepping down from the elected post to return to the private sector. more »
John Cross will leave as director of the SEC's Office of Municipal Securities next month to succeed Vicky Tsilas as the Treasury Department's associate tax legislative counsel, according to the SEC and sources. Tsilas is rejoining Ballard Spahr in January. more »
Alabama House of Representatives speaker Mike Hubbard faces 23 felony ethics law violations after being indicted by a grand jury on Monday. more »
William Ronan, the first chairman of New York's Metropolitan Transportation Authority, died at age 101. more »
The Alta Group's Bob Neptune will receive the 2014 Jay Terry Lifetime Achievement Award from the Association for Governmental Leasing & Finance at its national conference next month. more »
Detroit Mayor Mike Duggan hired former New York City budget director Carol O'Cleireacain as a deputy mayor. She will find new revenue, work on the city's emergence from bankruptcy and on the restructuring of its massive water and sewer department. more »
As California Treasurer Bill Lockyer nears the end of his tenure, he talks about some of the biggest challenges he's faced, and the ones that still lie ahead for the Golden State. more »
Gary Goldsholle will leave his post as general counsel at the Municipal Securities Rulemaking Board after serving just over two years, according to multiple sources. more »
The National Association of Independent Public Finance Advisors voted at its annual meeting Thursday to change its name to the National Association of Municipal Advisors, and has elected Terri Heaton of Springsted Inc. as the renamed organization's president. more »
Former Financial Industry Regulatory Authority vice chairman Stephen Luparello received $5.34 million of total compensation in 2012 — the highest of any of the individuals in The Bond Buyer's annual survey of the compensation levels at 21 industry, self-regulatory, state and local, and muni related groups. more »
Natalie Sage Wagner as will serve as Connecticut's undersecretary for legal affairs effective Oct. 17, state budget secretary Ben Barnes announced. more »
Tom Lockard has been appointed to head operations in California for a real estate start-up after a 30-year career at Stone & Youngberg. more »

Americans are suffering the consequences of Congress, governors and legislators across the U.S. pushing the burden of today's costs onto the backs of tomorrow's taxpayers by repeatedly putting off infrastructure repairs and new construction.

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