The House GOP blueprint for tax reform released Friday sparked mixed reactions in Congress, with leading Democrats criticizing its lack of detail and Republicans lauding its proposed pro-growth efforts through limits on deductions, exclusions and credits in the current tax code.
Treasury Secretary Jack Lew added to the pressure for quick passage of a Puerto Rico rescue bill in a letter to the Senate leadership on Monday, even as some public finance professionals maintain the bill is unnecessary and could be harmful for the commonwealth.
In one of the biggest rallies in recent memory, municipal bonds surged on Friday after Britain voted to leave the European Union. Yields on some top-rated municipals fell by as much as 17 basis points to record low levels, in a move that some analysts said signaled yields will remain near all-time lows for longer than anyone had expected, and that negative U.S. interest rates may be on the horizon.
Are you looking for ways to elevate your market knowledge and career? Find out how becoming a Certified Fixed Income Practitioner will help accomplish your personal and organizational goals. Taught by leading industry experts and conveniently delivered online via an interactive learning platform, Bond School is designed to help you build the foundational knowledge needed to effectively navigate the complex and ever changing financial markets.
See how the CFIP program has helped your colleagues across the country.
The small south Florida city of Opa-locka, recently designated by the state to be in a financial emergency, is under investigation by the Securities and Exchange Commission, according to the Miami Herald.
In a first-of-its-kind case, a federal judge hears arguments June 30 on motions to dismiss a challenge by two Florida counties of $1.75 billion in private activity bonds for the All Aboard Florida passenger train.
A Florida court has denied Indian River County’s quest to block a state-created conduit issuer from selling $1.75 billion of tax exempt bonds for All Aboard Florida’s planned private passenger rail project.
City voters will be asked on the Nov. 8 ballot to approve the sale of an $18 million bond that will pay to resurface 70 lane miles of public roads throughout Venice, including a major reconstruction of Miami, Venice and Tampa avenues.
In a city government close to collapse, Opa-locka's top financial officer broke ranks and warned her supervisors the city will run out of money after its payroll next week and that its recovery plans will not be enough to save Opa-locka from insolvency.
Carl Weisbrod, Director of the New York City Department of City Planning, joins Bond Buyer Senior Markets Reporter Chip Barnett to talk about the surge in NYCs population and corresponding employment growth and why economic growth is dependent upon affordable housing for workers.