Subject Root Tag

Ambiguous language in the legislation is one of a handful of reasons why issuers have not taken advantage of the new financing tool.

Daily report for March 28, 2023

Analysts say the PROMESA bankruptcy law is more creditor friendly than how the judge in the PREPA case interprets it.

Comptroller General Richard Eckstrom announced his resignation on Thursday, saying he supports legislative measures to make the office an appointed position.

Munis held "their firmer tone as Treasuries continued to rally once more this past week," said Jason Wong, vice president of municipals at AmeriVet Securities.

Villanova, who is based in Hawaii, will help expand Bancroft's engagement with issuers, underwriters and financial advisors.

The City Council will vote Tuesday night on whether to approve bonds for the formerly stalled project.

Municipals' strong fundamentals and high credit quality combined with market inefficiencies and dislocations present opportunities.

The proposal would prevent the sale of asset -backed securities tainted by any material conflict of interest and commenters feel that munis should be excluded from the final rule.

Public finance veterans Marvin Markus and Mark Liff join Siebert as managing directors to focus on expanding the firm's infrastructure and higher education practices.

The House and Senate differ in their approaches to lowering property taxes by billions of dollars as the state anticipates a record budget surplus.

Republicans argued the longtime transit and airport CEO lacked the experience necessary to head the FAA.

Daily report for March 27, 2023

Yields on top-rated municipal bonds fell as much as nine basis points on Friday as bank contagion fears resurfaced and investors looked to safe-haven securities. The primary calendar is rebounding, with volume rising to an estimated $5.4 billion in the week ahead.

The move by a Senate committee would pass a baseline budget and put off actions on some of Gov. Janet Mills' new spending proposals.

The state House Appropriations Committee dropped $3.86 billion from a supplemental spending bill, but its chair said the money is "still in play."

"If banks become even more reluctant to make new loans, the likelihood of a recession grows," says New York City Comptroller Brad Lander.

The rating action affects $423 million in bonds and certificates of participation. The territory's issuer rating was affirmed at speculative-grade Ba1.

Wisconsin's Republican legislative majorities for a third consecutive biennium rejected Democrat Tony Evers' capital plan and will craft their own version.

President Joe Biden's fiscal 2024 budget zeros out spending for the popular RAISE grant program.