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The 29% tax exposure rate is up for a readjustment because the new tax bill slashed the corporate tax rate to 21% from 35% and also lowered individual tax rates.
February 28
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Municipal bond buyers welcomed several big deals on Wednesday as demand outpaced new bond supply.
February 28
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Chicago is seeking $4 billion in initial borrowing authority to launch its overhaul of the airport's terminals.
February 28
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The light month for long-term municipal bond volume is another ripple effect of the new tax law and the issuance rush leading up to its enactment.
February 28
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"We have to find new solutions," said Partnership for New York president Kathryn Wylde.
February 28
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Rosselló is seeking assistance from Congressional leaders as Puerto Rico struggles to get on its feet financially five months after Hurricane Maria.
February 28
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Issuers across the Southeast sold $68.5 billion of bonds in 2017, a 5.8% year-over-year decrease.
February 28
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Playing a waiting game on Wednesday, portfolio managers were looking for volume to normalize.
February 28
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Creditors have until May 29 to file a proof of claim, though most bondholders won't have to respond because the judge is allowing trustees to file a "master proof of claim."
February 27
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The insurer wants more time to develop land it received as part of the city's bankruptcy exit.
February 27
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Federal Reserve Board Chair Jerome Powell’s testimony before Congress was perceived by some market participants as increasing the possibility of a tighter monetary policy.
February 27
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The SEC told a federal court that it will not pursue a judgment against the muni advisor firm or its principal unless it appears that the settlement process has stalled.
February 27
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South Dakota, which has no state income tax and relies on sales and use taxes for much of its revenue, will make its oral arguments to the high court on April 17.
February 27
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Issuers in the Midwest sold $82.98 billion of debt last year, a 5% drop from 2016.
February 27
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Fed Chair Powell's Congressional testimony failed to move municipal bond prices ahead of this week's new issue slate.
February 27
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With the airport's runways updated, Chicago is now aiming to modernize its terminals.
February 27
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Officials say the law's ban on advance refundings may cost the city $425 million in savings over four years and that changes in state law are needed to offset the damage from the limit on the state and local tax deduction.
February 27
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Federal Reserve Board Chairman Jerome Powell refused to comment on his views on the number of times the Federal Open Market Committee will raise rates this year, although he admitted his “outlook has strengthened since December.”
February 27
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Texas service sector activity “continued to reflect expansion in February,” according to business executives responding to the Federal Reserve Bank of Dallas' Texas Service Sector Outlook Survey, as the revenue index increased to 13.2 from 12.8.
February 27
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Manufacturing growth in the central Atlantic region was “robust” in February, according to the monthly business activity survey conducted by the Federal Reserve Bank of Richmond, as the manufacturing index soared to 28 from 14.
February 27
