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The proposed guidance does not indicate any particular problems with compliance, the MSRB said.

Smaller issuers like rural hospitals and charities are often blocked from issuing bank-qualified debt under current rules, which would change under a reconciliation bill provision.

FINRA said the firm failed to detect and resolve short positions in municipal securities

Per-pupil revenues and long-term debt spending are rising across the country

Tax-exempt advance refundings emerge as the top priority for muni market participants as Congress debates reconciliation budget measure.

The IRS extension allowing TEFRA hearings to be completed over the phone through March 31, 2022, might well be extended even more, tax lawyers say.

Federal Reserve Vice Chair Richard Clarida traded between $1 million and $5 million out of a bond fund into stock funds one day before Chair Jerome Powell issued a statement flagging possible policy action as the pandemic worsened, his 2020 financial disclosures show.

Congress approved a one-month extension of surface transportation programs, buying more time to continue negotiations over infrastructure and budget bills.

A huge investment in technology dominates the MSRB's budget.

Two hearings before the House Committee on Financial Services in the past week have been rife with criticism of Fed and Treasury responses to the pandemic.