Former Merrill Lynch & Co. managing director Christian W. McCarthy will
McCarthy, who will report to Killian and Hearty, is filling a slot
McCarthy's responsibilities in the short-term arena include servicing
"We are very pleased to have someone of his experience and caliber,"
Lehman currently manages $26 billion of remarketings for issuers who
McCarthy was one of several municipal professionals let go by Merrill
Gov. Josh Stein wants to retain control over the majority of appointments to the North Carolina Utilities Commission.
Lawmakers are putting the final touches on the budget, and Gov. Kathy Hochul said there is broad agreement. Federal cuts may yet scramble everything.
"For munis, a strong jobs report should reverse recent credit spread widening, while a weak jobs report should keep credit spreads around current levels," said BofA strategists.
As cutting the federal budget resonates as a central theme in the Trump administration, the Department of Transportation is getting a boost in appropriation proposals.
The ratings agency changed its outlook on its BBB-minus rating to negative from stable Wednesday.
Part of the problem is lack of reimbursement from insurance companies, said the owner of one proton center.
