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Proponents call the move the right medicine for ailing Connecticut, while opponents say the measures are overly restrictive.

Restructuring expert Michael Imber says momentum is building for such a strategy, which he says could improve the state's funding ratio.

The Federal Reserve is facing a backlash over its lack of diversity in key positions after it emerged this weekend that John Williams, the current president of the San Francisco regional branch, is a front-runner to succeed William Dudley as head of the powerful New York Fed.

The state, after multiple rating downgrades and facing budget strife, declining revenue and a pension funding dispute, plans a GO new-money and refunding sale.

While state lawmakers have approved limited use, notably for the city's housing authority, city officials want to use the method across the board.

Mnuchin will hand-deliver documents related to the loan in his first visit to the territory as a public official, he said.

In his first press conference as chair following a Federal Open Market Committee Jerome Powell stressed that “one decision” was made at the meeting: raising rates 25 basis points to a 1.5% to 1.75% target range.

The Federal Open Market Committee raised the federal funds rate target to a 1.50% to 1.75% range, as expected, while the Summary of Economic Projections still calls for three hikes this year.

They say the city’s massive capital program needs right-sizing to solve a problem that goes back several administrations.

Former Federal Reserve Chair Janet Yellen said higher interest rates will be needed to keep the U.S. economy from overheating.

The municipal bond market will focus more on the Summary of Economic Projections and the press conference, with a rate hike assumed.

Directors at the Federal Reserve Bank of New York said they had narrowed their search for the bank’s next president to a “handful of final candidates,” without naming any.

Solvency for the beleaguered unit is a tall order for the new H+H chief, given myriad challenges from within and afar.

The House has approved similar municipal securities and Puerto Rico provisions, but has wanted more sweeping bank deregulation legislation than the Senate.

As the New York City Housing Authority crisis festers, streamlined project delivery could help speed up emergency repairs and fund other capital needs.

Democrats are frustrated that President Trump's infrastructure plan would require state and local governments to come up with the majority of funds for infrastructure projects.

Council Speaker Corey Johnson spelled out several conditions for such an increase to MTA Chairman Joe Lhota.

The declaration could expedite contracting for repairs at NYCHA units through limited city use of design-build project delivery.

The $1 trillion infrastructure plan unveiled by Senate Democrats would be paid for by a rollback of some of the recently enacted Republican tax law provisions.

While Gov. Dannel Malloy and lawmakers study recommendations from a state panel, Nuveen warned that the state’s bond rating could plummet further.