
Sarah Wynn covers securities and infrastructure for the Washington bureau.
Sarah Wynn covers securities and infrastructure for the Washington bureau.
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.