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Democratic Sen. Joe Manchin said he won’t back President Joe Biden’s nominee for the Federal Reserve vice chair of supervision, Sarah Bloom Raskin — likely dooming her confirmation in the Senate given Republican opposition.

The IRS has entered into a closing agreement with the City of Alpharetta following its VCAP request stemming from the sale of a bond-financed conference center.

Daily report for March 14, 2022

Lloyd Nemerever will lead portfolio management for the firm's municipal bond-focused separately managed accounts.

DASNY leads the calendar with $2.3 billion of exempt personal income tax bonds and $662.32 million of taxables. Potential volume is slated to be $5.11 billion, with $4.392 billion of negotiated deals and $718.1 million of competitive loans.

The legislation would allow tax-exempt financing for the replacement of privately owned lead service lines.

The Big Apple faces an uncertain economic future as many white-collar workers remain at home and the return to office movement takes hold only slowly.

The Municipal Securities Rulemaking Board’s request for information on ESG is an attempt to bring politics into capital markets, Marlo Oaks said.

The American Rescue Plan Act helped cities avoid insolvency after the pandemic struck, some mayors said.

The ruling means the restructuring set for Tuesday will proceed.

The firm's special district group is up to 30 public finance professionals with the addition of seven members since January.

The U.S. Department of Transportation's budget swells to $140 billion from $80 billion with the omnibus and Infrastructure Investment and Jobs Act dollars.

Daily report for March 11, 2022

Outflows continue but dropped significantly in the latest week with Refinitiv Lipper reporting $662 million of outflows from municipal bond mutual funds following $2.823 billion the week prior.

A bond-funded pension buyout extension and automatic transfers into the state's now meager rainy day and pension stabilization funds are being discussed by Illinois lawmakers as they look to wrap up their spring session next month.

The USVI government intends to refund the remainder of its outstanding bonds at the end of March.

Sarah Bloom Raskin’s nomination to be Federal Reserve vice chair of supervision has taken another hit as key Senate Democrat Joe Manchin suggested President Joe Biden’s other four central bank nominees move forward without her.

California's housing crisis and rising gas prices and inflation are hot-button issues as Gov. Gavin Newsom's May budget revision draws near.

The omnibus bill drops a controversial measure to claw back unspent state COVID funds and includes long sought-after language to ease the transition away from LIBOR.

Barkley hopes to get members back to educational events in person as well as adding younger members to the NFMA roster.