Yesterday’s story about remarks at a federal policy conference inaccurately described how the Internal Revenue Service plans to process payment requests for direct-pay Build America Bonds. IRS officials stated that while staff will manually evaluate applications for the payments, the actual payment delivery system is automated. They said the entire process from evaluation to delivery of payments will take 45 days.
The new-issue calendar is at $15.637 billion and boasts four mega deals.
State and local pension funds are "surviving but not thriving," said Equable in its State of Pensions 2025 report.
By delaying the bill signing, Oregon Gov. Tina Kotek shortens time opponents have to gather signatures for a measure to overturn the transportation bill.
Maryland's Capital Debt Affordability Committee is recommending the state stick to its guns by endorsing a plan to borrow up to $1.75 billion for capital projects in the coming fiscal year, despite the job shedding inflicted by the Trump administration's plans to shrink the federal government.
The bill was a response to a charter school fraud that took the state for $400 million, but Gov. Gavin Newsom said the proposed reforms were too expensive.
Frederick Putnam has joined Texas Capital's government, nonprofit and institutions team as managing director, senior relationship manager.
