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The U.S. economy needs supply-side interventions rather than interest-rate hikes by the Federal Reserve that will fail to bring inflation under control, said Nobel laureate economist Joe Stiglitz.
May 23
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Given the volatility of risk assets is likely to remain high, and the focus on the flight to safety increases, all fixed-income assets could benefit as a result, including municipals, Barclays strategists say.
May 20
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Several states have passed, or are considering, legislation to bar local governments from making payments to criminals who hold computer systems hostage.
May 20
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The authority will takes steps to raise $1 billion to address expected growth of expenses.
May 20
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A teachers' request was rejected, but another ruling could force the board to release documents it chose to withhold.
May 20
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The temporary injunction halts all work on Pennsylvania's $2.2 billion Major Bridges program.
May 20
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The city of 55,000 is the first to be slapped with the most severe Tier IV designation of the state's Municipal Accountability Review Board oversight program.
May 20
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The office of Rob Bonta filed its objection to the dismissal with a California appellate court in San Francisco May 19.
May 20
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Corrigan thrived on crisis situations, a colleague said. He received plenty of practice in 25 years at the Fed and another two decades at Goldman Sachs.
May 19
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Refinitiv Lipper reported $2.712 billion of outflows, bringing the total outflows so far in 2022 to $65.8 billion, surpassing the last largest annual outflows of $63.5 billion during the Taper Tantrum in 2013.
May 19
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The Biden administration’s pick for Federal Reserve vice chair for supervision faced questions about climate change, digital assets and the central bank’s independence. But he did not meet the same resistance from Republicans as the White House’s first choice, Sarah Bloom Raskin, observers said.
May 19
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Some worry that governments will use new infrastructure funds for generic, shovel-ready projects, or even tax cuts, instead of collaborative plans that could transform regions.
May 19
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Panelists at the NFMA 2022 annual conference said they aren’t holding out for advance refunding to be reinstated anytime soon.
May 19
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The bulk of the first tranches of the $15 billion of IIJA funds will likely be used to figure out where lead lines are located, so states and water systems can determine the scope of the problem.
May 19
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Chicago's preliminary projected gap in the next budget, when Mayor Lori Lightfoot has vowed to reach structural balance, is down from an $867 million estimate.
May 19
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The sector is a target-rich environment due to the large amount of sensitive data that healthcare entities maintain for patient care and operations.
May 19
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Federal Reserve Bank of Kansas City President Esther George said the “rough week in the equity markets” was not surprising, partially reflecting the central bank’s policy tightening, and doesn’t alter her support for half-point interest-rate hikes to cool inflation.
May 19
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Almost $25 million of bond funds provided for school technology and security enhancements to state school districts this year from the 2014 Act.
May 19
