Organization Root Tag

The eight hopefuls still want to hold the state-run MTA more accountable.

Directors at the Federal Reserve Bank of Richmond have chosen Thomas Barkin, a senior executive at the global consulting firm McKinsey & Co., as the institution's next president, said a person familiar with the decision.

As lawmakers worked over the details of tax tax legislation, municipal market participants prepared to embark on what may be a record-setting week for issuance.

Navnoor Kang, the former director of fixed income for the New York State Common Retirement Fund, has pleaded guilty to criminal fraud charges.

The state increased the size of the deals by 70%, with its bond finance director citing plans by "the clowns in D.C." to outlaw advance refundings.

The former mayor of Markham, Ill., solicited and received a $75,000 bribe from a contractor in return for giving him work on a bond-financed project.

After a busy week, the muni market is preparing for one of the biggest weeks in history, with an estimated $17.4 billion deals.

New York Mayor Bill de Blasio named Dean Fuleihan first deputy mayor and Melanie Hartzog as budget chief.

After a busy week, and some clarity on tax reform, market participants are gearing up for the biggest volume week in some time, as issuers are getting advance refundings in while they still can.

As President Donald Trump fills the Federal Reserve Board with his nominations, Wall Street economists are busy trying to classify newcomers as inflation-fighting hawks or easy-policy doves. His latest pick might be tough to pin down.

If the Federal Reserve continues to raise the federal funds rate target, it risks inverting the yield curve, often seen as a precursor to recession, Federal Reserve Bank of St. Louis President James Bullard said Friday.

Federal Reserve Bank of Cleveland President Loretta Mester reiterated the central bank needs to keep tightening gradually.

Muni issuers rushing to get advance refundings done in December before Congress passes a tax bill that terminates them may face a halt in sales of state and local government securities because of the debt limit.

Traders saw "a major flip in psychology of the market" as moves to bar private activity bonds and advance refundings met some resistance.

While money on hand was better than expected, the island's financial advisory authority warned that expenditures will worsen.

With rates trending higher, the county still hopes an advance refunding will save water and sewer ratepayers $68 million.

The possibility of the municipal market losing both advance refundings and private activity bonds brought a spike in issuance that's likely to extend into December.

Billions of dollars of new paper hit on the market on Thursday, as yields began moving down for the first time this week.

The Regional Plan Association recommends congestion pricing, infrastructure banks, public benefit corporations, a regional rail system and an end to 24-hour New York subway service.

This busy week will end with a bang, as four of the five largest deals are set to price on Thursday.