Washington DC

Federal grants for the 10 transit systems with the highest ridership will cover their funding shortfalls an average of 5.4 to 8.3 months, according to a new estimate.

Charles Doraine settled with the Financial Industry Regulatory Authority on Monday without admitting or denying FINRA’s findings.

Groups representing dealer firms and issuers both weighed in positively Monday evening after the Fed’s afternoon decision that it will expand its Municipal Liquidity Facility in both scope and duration.

When April data becomes available in about a month, it is expected to beging showing the full force of the shutdown of nationwide economic activity.

MSRB Chief Market Structure Officer John Bagley will join the Federal Reserve Bank of New York for eight months to lend his municipal market knowledge toward the Fed’s new Municipal Liquidity Facility.

The Center on Budget and Policy Priorities said bankruptcy "could significantly raise states' cost of issuing bonds to pay for major transportation projects and other investments that boost the economy."

At a virtual quarterly board meeting this week, the board discussed its search for the next CEO, which has been affected by the virus.

A federal judge denied the SEC's motion for summary judgement against John Paulsen, setting the stage for a trial.

McConnell said he favors changing the federal bankruptcy code to allow state governments to file for reorganization.

Issuers say Clayton’s comments on corporate disclosure from earlier this month can be applied to municipal disclosure.

The president said he envisions infrastructure as “a big part” of the next round of emergency legislation.

The new bill to replenish the Paycheck Protection Program clarifies that hospitals created as political subdivisions are eligible.

A disclosure filed with the MSRB said two rehabilitation and nursing facilities in Massachusetts were unable to make a scheduled payment due to the coronavirus pandemic.

Florida’s attorneys cite flaws and errors in a special master’s report to support overturning its conclusions.

The $500 billion SMART Fund would be divided equally into thirds based on population, COVID-19 cases and state revenue losses.

In a letter sent to the Fed Thursday night, House Financial Services Committee Chairwoman Maxine Waters said she wanted more issuers to participate in the Fed program.

The MSRB's proposal to implement a more strict standard for public board members would impede the recruitment of qualified candidates, ICI said.

BDA and GFOA want the Fed to make its Municipal Liquidity Facility more accessible.

GASB said the delay comes in response to a number of requests because of the coronavirus pandemic, with some finance officers asking for up to an extra two years.

Los Angeles County was entitled to $1.7 billion but will lose $696 million that goes back to the state capital in Sacramento.