
Sarah Wynn covers securities and infrastructure for the Washington bureau.
Sarah Wynn covers securities and infrastructure for the Washington bureau.
On Tuesday, the Federal Reserve reduced interest rates in its Municipal Liquidity Facility by 50 basis points in each credit rating category.
Water utilities feel they have been left out of federal relief funding, making future financing in a WRDA bill important.
A deteriorating market could change the calculus, but with rates at record lows, the MLF might not be needed for most issuers.
The board re-elected Sisk as MSRB chair amid the pandemic and an ongoing search for a new CEO.
Changes to the MSRB come a year after the proposal of legislation that would decrease the size of the board and increase the cooling off period for public board members.
Sources say compromises on top line issues like unemployment insurance spells a higher likelihood for a COVID-19 relief bill to pass and more aid to state and local governments.
Dealers are not seeing demand and are therefore not trading inventory this summer, sources say.
The bill would allow the U.S. Department of Transportation’s Maritime Administration to provide emergency relief grants to ports for the first time in response to the pandemic.
Marshall will still keep her position as chief compliance officer as she also takes on the role of interim chief regulatory officer. Lanny Schwartz left his position as chief regulatory officer almost a year ago.
Whether or not infrastructure investment is included in the next stimulus bill, more is still needed, experts say.