
Sarah Wynn covers securities and infrastructure for the Washington bureau.

Sarah Wynn covers securities and infrastructure for the Washington bureau.
County leaders say added flexibility in CARES Act spending in the Senate GOP bill is limited.
Hilltop was fined a total of $475,000, with $100,000 pertaining to violations of municipal securities rules.
It is unlikely that transit agencies will get the full amount, but the Senate's new bill implies possible discussion for more transit funding.
Cyberattacks are increasingly likely as more government employees work from home due to the coronavirus pandemic, analysts said.
In a virtual meeting, the board will set its budget, but won't select an incoming class of board members, because of a proposed size change.
The responses to requests for quotes in the secondary market increased almost doubled in 2018 compared to 2015.
This is the latest case to involve 'flipping' — improperly allocating bonds meant for retail customers and instead selling them to other market participants — following multiple related actions made by the SEC over the years.
Ports went into the pandemic with strong revenue models, though they say they need help to ensure they make good on their debts.
Former Fed Chair Janet Yellen referenced a study from the Center on Budget and Policy that suggests the shortfall for just states was $555 billion through 2022. Bernanke agrees.
Several groups are arguing their case to keep their seats on a smaller board.
Coronavirus-related disclosures last week reached to just over 600 filings, but it is still a far cry from just less than a month before which saw 1,200 filings.
During a Brookings Institution annual conference, the Fed's Kent Hiteshew said it is continuing to monitor the market and if extra help is needed, the Fed is poised to consider it.
From 2009 to the first half of 2019, the number of competitive bids increased, helping issuers get the best selling price, the MSRB says.
Fourteen states and 19 local authorities have delayed or canceled road, transit and airport projects worth $8.58 billion due to the coronavirus.
The mayor of Tupelo, Mississippi said he has not seen federal funds reach his city of 38,000 yet.
Conditions under a recently announced temporary exemption are narrow, SEC staff said, despite push back from dealers.
Analysts had mixed reactions on what could have caused the decline, pointing to some municipalities closing out their fiscal years at the end of June.
Jay Clayton's recent testimony to federal lawmakers was "troubling," the dealer group said in a letter to the SEC chairman.
Sen. Chuck Grassley, R-Iowa., said the future needs of issuers are uncertain.
The House is expected to pass a $1.5 trillion dollar infrastructure package, mostly along party lines, while a bipartisan Senate bill to restore advance refunding may build momentum in that chamber.