Organization Root Tag

Federal Reserve Chair Jerome Powell has deflected requests from a top critic, Sen. Elizabeth Warren, for details of financial transactions by central bank officials, risking an escalation of tensions with lawmakers over disclosure issues.

Anthony Michael Holland has also been ordered to pay almost $1.2 million in restitution.

Upgrading the agency's technology could make information exchange more secure.

Texas gave S&P until Oct. 13 to produce documents detailing its development and use of ESG factors in public finance ratings.

Houston has built up a $344.8 million general fund balance and reduced its unfunded pension liability to about $1.5 billion ahead of a possible economic slump.

Swain said the bondholders lien on revenues and the recourse nature of the bonds needs to be determined. The judge would likely order a plan confirmation hearing take place by June 2023. 

A larger new-issue slate led by large deals from the Texas Water Development Board and state of Illinois took focus away from the secondary.

"The lack of progress thus far has me thinking much more now that we have to get to a moderately restrictive stance," he told reporters Wednesday.

Meredith Hathorn's almost forty years in public finance situate her well to steward the board through the coming fiscal year.

Chicago is leading the pack in pension fund problems.

John Hallacy talks with Chip Barnett about how fiscal and monetary policy is affecting the municipal bond market. He discusses recent data releases, supply forecasts and the midterm elections and the future of ESG in public finance. (20 minutes)

Brett, whose term ends this week, oversaw the MSRB's push for a greater integration of technology as well as overseeing some controversial rule proposals.

While the parties generally support the start of litigation, they are arguing about everything else.

In a letter a letter to BlackRock CEO Larry Fink, Brad Lander said he was concerned the firm's actions don't align with its stated climate commitments.

One-year rates have risen 100 basis points, intermediate maturities have traded up about 25 basis points and long-term munis are nearly 50 basis points above June's close.

A multi-option plan of adjustment would be filed within 60 days.

Aaron Fletcher and his firm Twin Spires Financial have entered a final judgment with the Securities and Exchange Commission over their role in two allegedly fraudulent offerings and a failure to register as a municipal advisor.

Munis were little changed while long UST improved and equities ended in the red after the FOMC raised the fed funds rate target 75bps to a range of 3% to 3.25% and members are leaning toward a rate of 4.4% by yearend.

The Puerto Rico Oversight Board is seeking the return of fees connected with Puerto Rico bonds and swaps.

Vern Buchanan appears to lead the way, but recent moves by Jason Smith to appeal to more GOP leaders make the race for chair of the Ways and Means Committee a tight one.