Mark E. Van Der Weide will replace Scott G. Alvarez as Federal Reserve Board general counsel, the Fed announced Thursday.
Van Der Weide will assume the post later this summer. In February, Alvarez announced his intention to retire.
The appelate ruling in favor of the San Juan Unified School District helps clarify what districts can finance under the state laws governing bond elections.
Investors added $2.183 billion to municipal bond mutual funds in the week ended Wednesday, following $623.3 million of inflows the prior week, according to LSEG Lipper data.
Sanchez cited affordable housing and "project-based" types of transactions as areas "where we are seeing … lawyers more openly engaging in structuring that might be problematic."
The rating agency's review was triggered by the city's move to effectively end plans for a seawater desalination project that has $235 million of bonds outstanding.
With an insolvent Highway Trust Fund, toll revenue and PABs are increasingly important for transportation financing, lobbyists said.
The White House has appealed a D.C. District Court ruling allowing Federal Reserve Gov. Lisa Cook to remain on the Fed board pending the outcome of her challenge to President Trump's moves to fire her.
