The U.S. government posted a $176.4 billion budget deficit in October, the largest October deficit and fifth largest monthly deficit on record, the Treasury Department reported yesterday.
The government has posted deficits for a record 13 consecutive months.
Economists polled by Thomson Reuters expected a $150 billion budget deficit for October. The federral government’s 2010 fiscal year began Oct. 1.
The government had a $1.417 trillion deficit in fiscal 2009.
CDIAC's revamped website, which launches May 1, will offer accessibility to state and local debt from issuance through maturity; and the ability to create summary reports based on search features.
The Governmental Accounting Standards Board is looking for feedback on disclosure requirements related to infrastructure projects.
The MSRB is warning investors that the redemption of Build America Bonds under an extraordinary redemption provision could result in losses, especially for those purchased at a premium.
With billions of federal funding available from the Infrastructure Investment and Jobs Act, one observer says it could be limiting the amount of municipal bonds issued by the sector.
Teague, most recently an executive director of the municipal securities department at Morgan Stanley, will focus on surface transportation.
Steven Mahr moved to Chicago two years ago, and in March, he moved from Stifel to the city's finance department, where he's now happily tackling tough problems.
