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Randal Quarles was confirmed 65-32 as a Fed governor, and by voice vote as the vice chairman of banking supervision.

The municipal market is winding up the week’s primary dealings with a negotiated sale from DASNY as traders eye Puerto Rico bonds.

Treasury and the IRS said they may propose more targeted guidance on political subdivisions.

The authority is selling state revolving fund debt.

The Senate invoked cloture to begin the process of confirming Randal Quarles as a governor on the Fed board.

Puerto Rico’s debt cannot be canceled by order of the president, restructuring experts and a key congressman said.

The Securities and Exchange Commission will issue a new series of educational materials.

The proposed combination is the latest in a continuing wave of nonprofit healthcare consolidation in Illinois and nationally.

Puerto Rico bonds plunged on Wednesday after President Donald Trump suggested the commonwealth’s debt needed to be “wiped out” to help the island recover from the devastation caused by Hurricane Maria.

The governor said he would borrow against $1.25 billion in profits from the state liquor system.

The breach occurred in 2016, but was not publicly addressed by the SEC until Sept. 20.

Puerto Rico bonds took a big hit on Wednesday after President Donald Trump suggested the commonwealth’s debt needed to be “wiped out” to help the island recover from the devastation caused by Hurricane Maria.

Puerto Rico bonds took a hit on Wednesday after President Donald Trump suggested the commonwealth’s debt would need to be wiped clean to help the island recover from the devastation caused by Hurricane Maria.

Private-sector employment increased by 135,000 in September, on a seasonally adjusted basis, ADP estimated Wednesday.

Federal Reserve Vice Chairman Stanley Fischer continues to expect a tightening U.S. labor market to lift wages and prices.

Puerto Rico’s general obligation bonds maturing in 2035 have lost a fifth of their value in secondary trading on concern over the economic impact of the storm.

Multifamily housing bond issuance more than doubled in 2016 to $14 billion.

Top-rated municipal bonds finished mixed on Tuesday as the Dormitory Authority of the State of New York competitively sold almost $1.7 billion of bonds in a handful of offerings.

Federal Reserve Governor Jerome Powell deflected questions about his interest in succeeding Janet Yellen at the helm of the U.S. central bank when her term as chair expires on Feb. 3, 2018.

Dee P. Wisor, an attorney at Butler Snow in Denver, will be elected as next year's president.