An unsealed whistleblower lawsuit accuses eight Wall Street and regional banks and broker-dealers that served as remarketing agents of fraud and collusion in resetting rates for variable rate demand obligations issued by state and local issuers in Illinois.

The MSRB said the paper was prompted in part by the tax law's prohibition on advance refundings and the fact that interest rate swap rules intersect with the board's rules for municipal advisors.

People involved in the $3.5 billion sale received notices that there would be no enforcement action.

Even after Hurricane Harvey and the threat of a trade war, local governments in Texas are enjoying a surge in sales taxes as they cope with population growth.

Clark County will price $647 million in general obligation bonds Wednesday for the NFL stadium.

Illinois spreads are rising as the state plots its first sale of 2018 for May.

Moody's threw cold water on Chicago's position that O'Hare's ratings can withstand new terminal debt.

It's important and constructive to talk about these kinds of alternatives to advance refundings, market participants said.

The question of whether to cover Virginians under the Affordable Care Act prevented a budget from passing during the regular session.

State and local governments in some cases weren’t disclosing terms of direct borrowings, private placements that exposed them to risks different from those related to other types of debt.

The SEC wants a quick end to its case against former Ramapo, N.Y. town supervisor Christopher St. Lawrence, but St. Lawrence's lawyer wants a federal judge to proceed to trial.

The new tax law that terminated advance refundings of bonds after Dec. 31, 2017, does not specify that only "tax exempt" refundings are prohibited.

A toll-charge proposal could disarm congressional opponents and create some hope for legislative success.

The proposal would allow taxpayers to have access to their IRS audit case file prior to dispute resolution hearings, ending the requirement to file requests under the Freedom of Information Act.

Former broker Deborah Kelley could end up paying close to half a million dollars in fines, penalties, and restitution for her role in defrauding the New York State Common Retirement Fund.

After a quarter marked by increased interest in taxable issuance, strengthened state support for local credits, and rising demand from investors seeking shelter from volatility, the municipal market is adapting to its new tax law realities.

The National Association of State Treasurers is using infrastructure finance as an argument to urge lawmakers to pass legislation reclassifying some munis as high-quality liquid assets.

The municipal market appears to be shifting away from its traditional retail-dominated status, which has implications for regulatory policy that's largely aimed at protecting the retail investor.

Let’s allow public agencies to issue advance refunding bonds provided they pay the U.S. Treasury an amount equal to the forgone federal income tax revenue.

Congress' deficit-raising actions have made it more likely that munis would be targeted for cuts to raise revenues in infrastructure or other future bond-related legislation.