Washington DC

Even with more federal rescue aid, which is hardly a given, the Metropolitan Transportation Authority may have to resort to deficit borrowing.

The National League of Cities is focused on college towns as part of its effort to persuade the Senate to provide $500 billion to local governments.

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.

The study provides the first rigorous quantitative evidence supporting the widely held belief that the municipal bond industry benefits from the classification.

Ports went into the pandemic with strong revenue models, though they say they need help to ensure they make good on their debts.

Both the American Hospital Association and the American Council on Education had urged the Fed to offer nonprofits a lower borrowing rate.

The shroud of uncertainty surrounding further COVID-19 federal rescue aid has many public transit agencies and advocates antsy.

Several groups are arguing their case to keep their seats on a smaller board.

New York Federal Reserve President John Williams said the transition away from Libor “continues to be of paramount importance.”

They are pushing the U.S. Senate for up to $36 billion, citing the devastating effects from COVID-19.

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.

Six states took revenue hits above 30%, according to report.

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.

Setting capital investment priorities and other efficiencies can help the public transit system through its coronavirus-related fiscal crisis, a budget watchdog says.

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.

State and local government layoffs already have been triple the amount of job losses that occurred during the Great Recession.

The new direct-pay bonds would be an improvement from the Build America Bonds because they would be exempt from the sequestration cuts.