Washington

Alan Skelton previously served as state accounting officer for the state of Georgia, a position that is equivalent to state comptroller in other states.

The Municipal Securities Rulemaking Board is requesting comment on requiring more written disclosure from solicitor municipal advisors, which make up just 19% of all MA firms.

The Fed remains dovish, although it raised inflation projections and lowered expected unemployment rates, but most participants still see rates at the zero lower bound in 2023.

Highlights of that aid include $3 billion for K through 12 schools, $308 million for childcare, and $370 million for rental, mortgage, and homeless assistance.

A repricing of Illinois GOs saw the bonds bumped by 12 to 20 basis points from Tuesday's preliminary pricing wires and 17 to 25 basis points from Monday's price talk.

Advocates for state and budget officials say there is enough ambiguity in the legislation to warrant guidance from the Treasury Department.

The legislation is likely to end up as part of a larger infrastructure bill.

The pair of unregistered brokers will pay over $2 million in civil penalties.

Although all of the proposals have some bipartisan support in Congress, the extent of that support remains unclear.

In two municipal bond transactions, Aegis Capital Corp. sold to its customers at prices that were 40% higher than the market rate.