Washington

SEC Chairman Gary Gensler signaled he wants to bring greater efficiency and transparency to municipal bond market

The proposed changes would reduce the volume of disclosures dealers have to make to customers each year.

SALT relief was not part of the initial language in the reconciliation bill, but several moderate Democrats say they won't support the legislation without it.

Market participants welcomed the municipal-related provisions in the reconciliation bill but are hesitant to start making bets on its passage.

Cheered by the inclusion of key muni market priorities in tax legislation unveiled over the weekend, muni market advocates must now battle to keep them there.

The presidents of the Federal Reserve banks of Boston and Dallas said Thursday they would sell their individual stock holdings by Sept. 30 and invest the proceeds in diversified index funds or hold them in cash.

Fitch analysts discussed the relationship between the soveriegn rating and state and local credits.

The IRS notified the city that its audit was closed with no change to the bonds' tax-exempt status, according to an EMMA notice posted this week.

“Based on our best and most recent information, the most likely outcome is that cash and extraordinary measures will be exhausted during the month of October,” Treasury Secretary Janet Yellen said.

The Bond Buyer is seeking industry-wide input on environmental, social and governance factors in the public finance space.