Washington DC

Biden’s Electoral College count rose to 264, one state away from achieving the 270, according to the Associated Press, which called the former vice president the winner Wednesday in closely fought races in Wisconsin and Michigan.

A victory by Republican Sen. Susan Collins in Maine has dimmed, but did not extinguish, the possibility for Democratic control of the U.S. Senate.

A nonbinding referendum on U.S. statehood was leading with more than 52% support, with more than 95% of votes counted, the Associated Press reported.

Their wins brighten the future of municipal bond-friendly initiatives in Congress.

The public finance industry would gain from the reinstatement of tax-exempt advance refunding and other muni-friendly measures under a Democratic sweep of the White House and both chambers of Congress.

A federal judge largely rejected the arguments offered by Wall Street banks seeking to dismiss the lawsuit, which alleges a conspiracy to fix rates in the VRDO market.

Public finance made up just 3% of total standalone enforcement cases.

The city of Alpharetta wants to repurpose $24.72 million in bonds issued in 2016 by the Development Authority of Alpharetta.

The American Securities Association wants to see a municipal debt purchase program extended past the end of the year, but Treasury has indicated that is unlikely.

The SEC's Rebecca Olsen said in 2021, the regulator plans to explore ways to get more comment on financial disclosure recommendations.

The next milestone in the shift to the Secured Overnight Financing Rate is expected to be the announcement from the U.K.’s Financial Conduct Authority before the end of this year declaring Libor as nonrepresentative.

As more people work from home, people could be more focused on building out broadband infrastructure.

Tax changes sought by the municipal bond industry are likely to be embedded into infrastructure legislation.

The MSRB also said it was looking for volunteers for two advisory groups.

Many issuers in California specifically do not mention climate change in their official statements.

The board, at the first quarterly board meeting of its 2021 fiscal year, also voted to split its existing Nominating and Governance Committee into two.

The Oversight Board said it is working on a response.

The National Governors Association reported this week that states expect to exhaust their entire share of the Coronavirus Relief Fund by the Dec. 30 deadline.

Credit rating agencies have done relatively few credit downgrades.

A senior Federal Reserve official said an expansion of the MLF won’t happen unless the program is extended into 2021.