Washington DC

Former Vice President Joe Biden already is running on a muni-friendly campaign platform.

Issuers say extending the deadline is helpful, but they still need more flexible funding such as the ability to use federal aid to replace lost revenue.

Without giving a reason, Florida’s bond-funded passenger rail developer severed ties with Virgin and said the train system’s name will revert to Brightline.

On Tuesday, the Federal Reserve reduced interest rates in its Municipal Liquidity Facility by 50 basis points in each credit rating category.

The Federal Reserve reduced the interest rate spread on MLF tax-exempt notes by 50 basis points for each credit rating category.

Water utilities feel they have been left out of federal relief funding, making future financing in a WRDA bill important.

The total number of COVID-19 disclosures reported to EMMA for the week ending Aug. 9 was about 700, down from nearly 1,000 the previous week.

President Trump backtracked Sunday on his executive order that requires cash-strapped states to contribute $100 of a reduced $400 a week supplemental federal unemployment benefit.

A deteriorating market could change the calculus, but with rates at record lows, the MLF might not be needed for most issuers.

The gap between the two sides includes state and local aid, with the administration offering to agree to $200 billion while the HEROES Act favored by Democrats would provide $915 billion.

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.

Florida and Georgia have spent tens of millions of dollars in litigation over water rights in the case before the U.S. Supreme Court.

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.

The letter, which includes signatures by 42 Republicans, requests an enhancement to the 4% Low-Income Tax Credit.

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.

Prominent current and former public officials and analysts broadly agree that states and localities are headed for deep financial holes without additional and substantial federal aid.