Organization Root Tag

New York, New Jersey and Connecticut are at odds over how to split COVID relief money and the federal government won't step in.

The deal for new bonds will likely be passed but experts say the final Plan of Adjustment may not lead to a sustainable recovery for the island.

About 84% of minority- and women-owned business enterprises still do not have access to city government spending, according to the latest report.

Two issuers, the San Diego County Regional Airport Authority and the Village of Franklin Park, Illinois, have disclosed in the past week that they’re under audit by the Internal Revenue Service.

Friday’s data suggested inflation remains a problem, as the voices calling for Federal Reserve action increase.

Tax-exempt bonds are a very different area of the law.

The Internal Revenue Service’s Tax Exempt Bond program will not be significantly overhauled as part of the agency’s restructuring and modernization efforts, officials say, but there are a few changes to forms and procedures that bear paying attention to.

The position has been held by Rebecca Olsen since 2018.

Lawmakers say they will support legislation backing the Plan of Adjustment, which has been a major hurdle for completion of the debt restructuring plan.

Judge Swain keeps the process on schedule to start the Confirmation Hearing on Nov. 8.

The board also offers to approve other spending in exchange for local government approval of new bonds and other measures for the Plan of Adjustment.

Chicago Mayor Lori Lightfoot's finance team laid out plans to tap more than half of $9 billion of existing and proposed borrowing authority through 2022 to refinance debt for savings and fund infrastructure and pandemic recovery efforts.

A recent panel discussion shed some light on how issuers and borrowers should be disclosing climate related information.

The Los Angeles Department of Water and Power will share some State Water Project supplies with smaller water agencies in Southern California.

Peter Delahunt, who spent 26 years with Raymond James, has been hired by StoneX to help build out its muni business.

New York's governor leaned on the Port Authority to pause the LaGuardia project amid wider debate about regional infrastructure.

One size does not fit all.

Another round of inflows was reported from the Investment Company Institute — the 31st consecutive week — but they came in at $308 million for the week ending Oct. 6, the lowest since outflows in March.

Bond insurer Ambac Assurance joined other creditors in saying without local government support, they may withdraw theirs for the Plan of Adjustment.

Some policymakers in the nation’s capital have urged the Federal Reserve banks of Boston and Dallas to consider people of color and women while selecting new presidents. Republicans led by Sen. Pat Toomey of Pennsylvania say the process should be left to the local bank boards.