Treasury Department

NABL favors shortening to seven from 14 days the advance notice requirement for a public hearing about the issuance of PABs.

John Cross, the Treasury Department's associate tax legislative counsel, said the existing tax rules are clear on advance refundings of taxable debt.

The plan would expand flexibility and broaden the uses of tax-exempt private activity bonds.

Treasury Department sales of state and local government series securities are expected to dramatically decline this month now that issuers no longer need them for tax-exempt advance refunding escrows.

Newly issued Treasury securities held in stripped form increased about $1.518 billion in December to a total of $262.102 billion, the Bureau of the Public Debt reported Friday.

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.

The 2017-2018 plan contains one new item — private activity bond guidance.

The federal government ran an $8.0 billion surplus in September, the Treasury Department reported Friday.

Treasury, IRS concerns remain that some political subdivisions are controlled by developers.

Bond attorneys expressed dismay the public notice requirement would remain 14 days.

The federal government ran a $107.7 billion deficit in August, the Treasury Department reported Thursday.

Treasury acted quickly to open its SLGS window after the debt limit was suspended through Dec. 8.

Former Treasury official Kent Hiteshew will keep his hand in infrastructure, Puerto Rico issues.

The rules would be overly burdensome, restrictive, costly, and would hamper infrastructure projects.

Replacing LIBOR will raise economic and tax issues for many floating rate munis and swaps.

The federal government ran an $90.2 billion deficit in June, the Treasury Department reported Thursday.

Treasury has targeted the proposed political subdivision rules as burdensome.

Newly issued Treasury securities held in stripped form increased about $3.760 billion in April to a total of $249.587 billion, the Bureau of the Public Debt reported Friday.

While he would prefer if Congress raised Treasury's borrowing limit before its August break, Treasury Secretary Steven Mnuchin said in a televised interview, even if a deal is not reached, the government will be "fine" until they return in September.

The estimate echoes an assurance Treasury Secretary Steven Mnuchin gave reporters Friday in Ottowa.