Sarah Wynn

The shift was due mainly to the growth of separately managed accounts and other alternative ways that retail investors get involved in the market.

Senate Majority Leader Chuck Schumer and Sen. Bernie Sanders want a broader infrastructure bill to pass through the reconciliation process while other lawmakers plan a bipartisan push for surface transportation.

The case is significant because so many municipal market participants rely on audited financial statements.

The charges against Ricky Mantei stem from allegations of prearranged trading in violation of his firm's established procedures.

All three phases of Maryland's public-private partnership would make it the largest P3 in the world.

Republican Senators want municipal aid to be more targeted and avoid "bailouts."

The consequences of not passing infrastructure legislation in the next few months may be dire.

Dealer groups say changes to FINRA rules should be cohesive with municipal rules.

Much of the material being retired dates back more than 35 years.

Vaccinations and a strong push for direct aid makes it less likely for the municipal market to need help from the Federal Reserve.

A House committee is considering for the first time how grants for ports will be appropriated to combat the pandemic.

The SEC opened a request for comment on money market fund rules, which could provide an opening for localities seeking a return to a stable net asset value.

State and local officials have nearly exhausted their emergency reserves, rainy day funds and reasonable credit options, the National League of Cities said.

Dealers say increased focus on systemic pennying has decreased its activity, while others aren't so sure.

The dealer group is concerned the SEC may provide another exemption for municipal advisors to work on private placement deals.

The reduction would be the largest the MSRB has done, substantially more than a previous one which caused a loss of $5.2 million.

States and local governments have turned to deficit borrowing, spending cuts and other ways to keep up with increased expenses due to COVID-19.

The initiative aims to figure out ways to finance infrastructure as state and local governments weather the pandemic.

This is the first time a coalition representing the buy-side, sell-side and others on the business side of public finance will lobby for specific municipal bond provisions on the Hill.

After a flurry of new muni programs created in response to the pandemic, the Federal Reserve is looking to staff up.