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Chicago must navigate council concerns over crime, traffic, gambling addiction, and labor demands as it moves closer to choosing a casino development proposal expected to generate $200 million in annual revenue.

The board says the governor will have to make many changes to its budget.

Lael Brainard was confirmed as vice chair of the Federal Reserve Board of Governors Tuesday in a 52-43 Senate vote, the first of four central bank nominees set for consideration by the chamber.

A trio of COVID-19 cases among Democrats is expected to delay Senate plans to confirm Federal Reserve nominee Lisa Cook and Federal Trade Commission nominee Alvaro Bedoya this week.

Joe Manchin, a key Democrat in the U.S. Senate, said he’s spoken to Michael Barr, President Joe Biden’s choice to be the U.S. Federal Reserve chief banking supervisor, and so far doesn’t see a problem with his nomination.

Municipal advisors are seeking more and better communication from regulators and enforcers, NAMA Executive Director Susan Gaffney says. Kyle Glazier hosts. (24 minutes)

The Treasury’s latest tax collection may preview how the shrinking of the Federal Reserve’s $9 trillion balance sheet, or quantitative tightening, will unfold for the markets and global liquidity.

Arizona governor Doug Ducey has standing to sue the U.S. Treasury, his office told a federal court, after the federal agency moved to dismiss a suit brought after it warned that federal pandemic funds shouldn’t be used to undermine federal mask and school mandates.

The majority on the court said upholding the benefits could have opened the door to a broad range of other federal benefits to Puerto Rico residents.

Revenues were also up compared to the Oversight Board's projection made on Jan. 27.

“I would say that 50 basis points will be on the table for the May meeting,” Federal Reserve Chair Jerome Powell said Thursday.

State and local governments are flush with cash and well-positioned to embrace the coming storm, experts say.

The Municipal Securities Rulemaking Board’s second quarter meeting will feature discussion of one of the board's more controversial recent publications.

Several additional steps would be needed before the private operator of the transmission and distribution grid would be removed.

The Investment Company Institute reported investors pulled $7.2 billion from municipal bond mutual funds, the largest figure since the outlier months of March 2020 when investors yanked $24 billion in two weeks.

Phoenix’s ratings were affirmed and its general obligation bond outlook was raised to stable from negative by Moody's.

The audit was brought on by the Internal Revenue Service in September 2021 in connection with Series 2013B bonds.

The significant cheapening of municipals in recent weeks continues to create headwinds for the overall tax-exempt market on a daily basis.

The Federal Reserve has hired five executives from the stablecoin issuer Circle and at least one employee of Ripple since 2019 as part of its technology-focused recruiting efforts. It plans to do more hiring in the years ahead to aid its work on faster payments and central bank digital currencies.

The Oversight Board says an adversary complaint affecting HTA claims remains active, contradicting a statement made to the court last month.