Senate Invokes Cloture on PROMESA, Clears Way for Final Vote
The Senate took its first step toward potentially passing the House's Puerto Rico rescue bill on Wednesday, voting 68-32 to invoke cloture and clear the way for general debate.  more »
"I support [the bill] although I will be the first to tell you there are parts I find completely objectionable," said Senate Minority Whip Dick Durbin, D-Ill.
The Municipal Securities Rulemaking Board announced on Monday that its EMMA system now includes an economic calendar that gives visitors free access to dates and descriptions of upcoming macroeconomic developments that could impact the municipal market.  more »
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.  more »
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.  more »

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 NYC’s population and corresponding employment growth and why economic growth is dependent upon affordable housing for workers.

Municipalities buy insurance to obtain a higher credit rating for a bond issue and a commensurately lower borrowing cost. The savings arise from a lower coupon or, if the coupon is fixed, a higher price. But how can municipalities make sure that bond insurance makes economic sense for them? The answer is to pay close attention to the costs and benefits.

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