Washington DC

President Biden has gone on record favoring statehood, unlike his predecessor who slow-walked federal aid to the territory in the wake of Hurricanes Maria and Irma.

NACo and the NLC were among 400 groups that sent a letter Monday to senators stating “enthusiastic endorsement” for the $350 billion “in flexible aid."

The use of alternative trading systems is growing, accounting for 21% of all trades in 2020.

A federal appellate court in April 2020 struck down a federal law denying residents of the island eligibility for the Social Security Supplemental Income program for the severely disabled.

Bills to expand the use of tax-advantaged bonds that are being reintroduced in the new Congress have favorable odds for being signed into law this year.

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.

Senate Majority Leader Chuck Schumer, D-N.Y., said there’s an agreement among “mayors, governors, and economists from across the political spectrum” that a sizable federal effort is needed.

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."

An influential voice said this week that an increase in the cost of private letter rulings is inconsistent with the Taxpayer Bill of Rights adopted by the IRS in 2014.

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

The Federal Transit Administration rescinded a Trump administration policy that refused to count as a local cost-share the payments by New York and New Jersey on a proposed federal loan.

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

School districts are likely to address learning loss with more spending on summer school, intensive tutoring, and afterschool programs.

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

Local governments would get 40% of the $350 billion in direct federal aid to state and local governments.

More than 30 finance chiefs of major U.S. cities sent a letter to the Biden Administration making their case for direct aid and new borrowing tools