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Illinois Gov. Bruce Rauner and the General Assemblys Democratic leadership headed toward the New Year with a budget impasse still hanging over the state, after the annual veto session ended amid deepening political rancor. more »
The Securities Industry and Financial Markets Association wants bank regulators to avoid adopting harsh international capital standards for trading that could have a chilling effect on the municipal market and hurt liquidity. more »
Here are some of the key "known unknowns" factors that are likely to affect valuations and creditworthiness and functioning in the state and local finance sector as the Trump Administration and Congress sort them out.