Washington

Schools should begin auditing their programs and policies now, and bond buyers should prepare for more credit risks coming with higher education bonds.

The SEC has issued a proposal to rescind its "pay-to-play" rule relating to investment advisers. The rule "was modeled, in large part," on MSRB Rule G-37, Commissioner Hester Peirce said.

Oregon Gov. Tina Kotek canceled plans for a Salem data center in July. Her new edict goes further.

Up to 18,000 private schools could lose access to the municipal bond market under the proposed rules, driving up their borrowing costs.

In a June letter to the SEC, Truth in Accounting expressed its "strong concerns regarding the GASB Accounting Support Fee and the broader role of" GASB itself.

The Federal Reserve's Office of the Inspector General found inconsistencies in how reserve banks execute their search processes and review stock holdings for prospective directors.

State and local issuers should expect cuts in transit and rail projects over the short term, transportation advocates said.

The airspace surrounding Washington D.C. is expected to absorb more flights in the near future as the Washington Manassas Airport in Virginia has cleared an environmental assessment by the FAA.

"The muni market selloff is primarily a result of Treasury movement, but the orderliness of it in terms of not getting any more volatility in munis than Treasuries is a direct result of people's ability to withstand those moves," said Jeff Timlin, managing partner and head of municipal bond investing at Sage Advisory.