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The Internal Revenue Service has issued a preliminary determination that bonds issued by the City of Corpus Christi, Texas, may be retroactively taxable.
November 30
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Total November volume was up 58.3% to $33.818 billion versus $21.359 billion a year earlier, but the figure is average over a 10-year period. A combination of factors from policy uncertainty in Washington to fears of rising rates led to the increase.
November 30
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The refinancing will add $80.5 million to the original 2017 federal loan for the project, bringing the total to $606.7 million.
November 30 -
The change of plea hearing is set for Thursday in a federal court in Mississippi.
November 30
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The Build Back Better Act contains provisions that could help states finance additional affordable homes.
November 30
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The governor wants to use savings to address the islands' $3.3 billion pension underfunding.
November 30
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The Chicago-area transit service boards expect a boost from strong sales tax revenue and discretionary grant funding from the federal infrastructure package.
November 30
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Economists appear to be less concerned about Omicron, with some saying that even if the variant causes another pandemic wave, it is more likely to "slow rather than interrupt" the global economic recovery.
November 29
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The House is expected to introduce another temporary government funding bill this week before turning to the debt ceiling issue.
November 29
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Winter sharpens the political focus on Texas' February power failure and efforts to prevent another.
November 29
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The forum is urging its members to contribute to scholarship funds to honor the memories of Robert Rosenberg, Carey Gabay, Ned Flynn and Alan Anders.
November 29
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The Securities and Exchange Commission has charged an Illinois-based broker with defrauding three investors out of $800,000 by luring them into investing in nonexistent tax-exempt bonds.
November 29
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A majority of firms anticipate less volume in 2022 than the record hit in 2020, but how policies from Washington and the path of overall economic activity in a still-recovering global economy with COVID overhang make predicting volume more difficult.
November 29
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Municipal yields fell as much as three basis points on Friday as Treasuries soared in a flight-to quality bid as stocks plunged on fears about the emergence of a new COVID variant.
November 26
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ICI reported $1.43 billion of inflows into municipal bond mutual funds in the week ending Nov. 17, down from $1.61 billion in the previous week.
November 24
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Former U.S. Treasury Secretary Lawrence Summers said Federal Reserve policy makers are signaling a “new era” in which they recognize the U.S. economy is overheating as inflation runs at its fastest in three decades.
November 24
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No consensus on whether the judge will make changes to the plan before approval.
November 24
