Washington

In an historic action, the Municipal Securities Rulemaking Board has filed a markup disclosure proposal with the Securities and Exchange Commission that it said will likely lower transaction costs for retail investors, enable them to better understand dealers' pricing practices, and improve investor confidence in the municipal market.

The Securities and Exchange Commission is asking a federal judge to allow it to submit an amended complaint that includes much more detailed charges against banker Peter Cannava in connection with an ill-fated private placement for startup video game company 38 Studios.

Gambling is not a reliable and sustainable source of revenue for states or a solution to their budgetary problems, according to a recent report from the Rockefeller Institute of Government.

Minnesota highway officials say road conditions will worsen without solution to growing revenue gap.

Congressional critic of California's $9 billion of state bonds for high-speed rail wants to repurpose the funding.

Significant cost overruns on an earlier light-rail program may affect November vote on Seattle’s $54 billion transit proposal.

More infrastructure spending at all levels of government would be best fix for California's congested, deficient roads, TRIP says.

A district court lawsuit challenging the legality of the District of Columbia’s Local Budget Autonomy Act and D.C.’s push for budget autonomy was reassigned to a new judge last month.

Municipal issuers are blasting the National Federation of Municipal Analysts' suggestion that Congress give the Securities and Exchange Commission new authority to regulate issuers' disclosures, calling it overly burdensome and ineffective.

State gasoline tax collections climb as more Americans hit the road, giving states additional borrowing capacity.

Disappointing public pension investment fund returns released recently by Maryland and Virginia may be representative of a more nationwide trend, pension experts warned.

N.J. Gov. Chris Christie opens the general fund to restart transportation project stalled over fight with lawmakers.

The Congressional Task Force on Economic Growth in Puerto Rico should avoid any changes to the Jones Act while considering various courses of action to help boost Puerto Rico's struggling economy, four congressmen said in a letter to the task force's House members.

A big increase in New Jersey's gasoline tax would restart work on $3.5 billion of stalled road projects, Gov. Chris Christie said.

Providence Health & Services took a one-notch downgrade from Fitch Ratings, ahead of a planned &803 million revenue bond deal for Providence St. Joseph Health.

The National Federation of Municipal Analysts is suggesting that Congress should give the Securities and Exchange Commission direct regulatory authority over issuers as a way to improve disclosure in the municipal market.

Both presidential candidates should focus more on rebuilding U.S. infrastructure, former officials urge.

An $800 million bond sale to finance New Jersey's American Dream retail development could provide fuel for critics of the municipal bond tax exemption, according to Municipal Market Analytics.

The Securities and Exchange Commission's settlements with issuers under its continuing disclosure enforcement initiative will not impact specific rating determinations but will be an important component of analyzing an issuer's credit fundamentals, analysts from S&P Global Ratings said in a report on Monday.

The National Association of Bond Lawyers recently announced nominees for its board officers and directors that members will vote on at its annual meeting in Chicago on Oct. 19.