Organization Root Tag

The IRS notice warns that federal law, not state law, controls how payments for federal income tax purposes are characterized.

Officials say the cost estimate for what New York City Transit president Andy Byford called "a full overhaul" is a work in progress.

Municipal bonds were stronger in late trading as West Virginia and the Regents of the University of California came to market.

The investment bank attributed the exit of 15 from the public finance team to market conditions and a strategic review.

Muni market groups got a long-awaited win when the House passed banking legislation classifying certain munis as high-quality liquid assets, even if it wasn't as big a win as hoped.

Water, wastewater, and securitization deals, and possibly an O'Hare airport sale, are still to come from Chicago this year.

Federal Reserve officials said the economic outlook warranted another interest-rate hike “soon” and signaled they would welcome a modest overshoot of their 2% inflation target, indicating they're in no rush to tighten more aggressively.

Municipal bonds were stronger at mid-session as several big deals hit the market.

The bank deregulatory bill passed by Congress on Tuesday would also make fewer banks systemically important and close a legal loophole that had allowed banks to defraud Puerto Rico investors.

Early returns indicate there have been some problems but firms seem to be working through them in complying with the new markup rules, regulators and industry officials said Tuesday.

West Virginia increased the amount of its competitive sales planned for Wednesday by almost 30% to save money.

Moody's Investors Service, citing fiscal improvements, upgraded the city to Ba3.

Tax collections that came in below forecast reinforce the need for new tax revenues, said Elizabeth Muoio.

Seattle is among governments that have lifted sanctions against Wells Fargo following a 2016 fraud scandal.

Magistrate Judge Judith Dein's decision may help creditors in their battle over the territory's fiscal plan and debt payments.

The IRS is focusing on $435.2 million of Series 2014A senior lien revenue refunding bonds and $75.87 million of Series 2014C second lien revenue refunding bonds.

They seek damages damages from a litany of professional firms over the capital city's plunge to near bankruptcy.

The board gave up on plan to reduce paid vacation and sick time and eliminate Christmas bonuses, but gained a promise of island-wide at-will employment.

The Indiana school district gets to wipe out its $10 million deficit and Ball State University will take over operations in July.

Rising short-term rates and a lower corporate tax rate have already pushed some municipal issuers out of bank loans and back into the traditional muni space, analysts said.