Organization Root Tag

The plan and disclosure statement indicates only some of the terms for the HTA, CCDA, and PRIFA rum tax bonds.

The Illinois attorney general and the head of conservative policy group lay out their positions next week in a case seeking to void $14 billion of state debt.

The creation of the Municipal Liquidity Facility helped not only eligible entities but also those left out of using the program.

The pandemic has caused some special circumstances for state and local governments in juggling their finances. Jeffrey Previdi, the vice-chairman of the Governmental Accounting Standards Board who spent more than 20 years of his career at S&P Global Ratings, talks about what his regulatory organization has done to assist them. Previdi also talked about how GASB influences how state and local governments spend taxpayer money on such things as schools, firehouses, water treatment plants, and other infrastructure. Brian Tumulty hosts. (25 minutes)

Two top state lawmakers, who along with Cuomo comprise the “three people in the room” that hash out the spending plan, pulled their support of the New York governor.

Nonbanks had worried the end of the Paycheck Protection Program Liquidity Facility would hurt their ability to lend to small businesses. On Monday, the Federal Reserve announced the facility would be extended for three months.

U.S. Deputy Transportation Secretary nominee and former New York City official Polly Trottenberg called it 'a project of national significance.'

With the reset in yields in the rear view, valuations — especially relative to Treasury — will likely support continued robust demand.

Possible withdrawal of bond insurer support and the opposition of the local government to pension cuts are the biggest hurdles to the plan.

The broker-dealer found a way to give clients a virtual pat on the back while donating money to hunger relief efforts.

Among over 1,200 dealers registered with the MSRB, 21 firms are bank dealers who would be impacted by the change.

Jacqueline Dunn had held the interim position since last September.

Illinois' pension crater reaches more than $300 billion under Moody's formula.

A new GFOA advisory said the International Swaps and Derivatives Association has developed “more robust fallback language to specify the rate to be used upon a Libor cessation.”

An appeals court ruled that PRIFA and HTA issuers do not have to pay debt service during the Puerto Rico bankruptcy.

The Beige Book suggests the economy is recovering, with optimism for 6-12 months ahead, while economists don't envision inflation rising enough for the Fed to take action any time soon.

Trade volume increased by just 4% compared to 2019 following a volatile year for munis.

Reinstating certain municipal bond provisions would make way for more infrastructure investment.

The First Circuit said Puerto Rico credit unions did not take appropriate timely steps to challenge the bond restructuring.

Institutional pricing of New York City and competitive deals from Baltimore and Cambridge, Mass., should help give a sense of where yields are heading, while Ohio offers up GOs for a market that's been little changed for three days after a large sell-off.