News and Information from Bond Buyer

Chao tweeted her resignation on Wednesday following violent turmoil in the U.S. Capitol.

Ross expects 2021 to be another challenging year and plans to work vigilantly with other muni market stakeholders.

Federal CARES Act grants and loans, and bond market access, have helped mitigate the financial damage to hospitals caused by the pandemic.

A new period of social liberalization and economic excess could emerge by 2022, leading to inflation and a return to higher interest rates.

John Hallacy, founder of John Hallacy Consulting LLC, talks about the most important opportunities and challenges the municipal bond market will face in 2021. He gives his estimate on where muni volume may be headed, discusses the possibility of a federal infrastructure program and talks about what to expect under a Biden Administration. Chip Barnett hosts. (Recorded Dec. 22; 22 minutes)

Doug Vissicchio, who has nearly three decades of experience, has joined UBS as managing director and head of principal municipal trading to continue the firm's development of its principal municipal trading businesses.

Three of seven board members will be from the original group.

The top 20 more than doubled the gains of their fixed-income industry peers.

The tax-exempt general obligation bonds were part of a $795 million proposal approved by voters on Nov. 3.

FOMC members backed maintaining asset purchases, although “a couple” were “open” to “weighting purchases of Treasury securities toward longer maturities,” according to minutes released Wednesday.

Sources expect funding to be put to use quickly compared to the CARES Act since many cities since stood up programs to provide pandemic related aid to households and small businesses.

Bond attorneys said the new rules fill in some holes because the IRS previously only had a process for tax-exempt bonds.

Some economists say the changes, such as a rise in minimum wage, would be a negative for the local economy.

The apparent victories by Democrats in two Senate runoff races in Georgia is a "game changer" for public finance.

The South Carolina Jobs-Economic Development Authority’s RecoverSC program has up to $100 million in total bonding authority.

The aid is in response to Hurricanes Irma and Maria, which hit the island more than three years ago.

The growth in issuance in 2020 spread out over the top 10 underwriters, with bulge-bracket firms sharing the wealth.

The Connecticut Housing Finance Authority calls it a roadmap for creating greater opportunities for low- and moderate-income state residents.

The spending plan the governor will release Friday will include a $4.5 billion economic recovery package in the wake of the coronavirus pandemic.

If you haven't met Suzanne Shank you should. She is the chair and CEO of Siebert Williams Shank & Co. LLC, the nation’s largest female-and minority-owned, privately held finance firm, which she started with the legendary Muriel Siebert. Join us in an intimate conversation and hear her perspective on some of the most critical issues of the day.