Washington

Thousands of references to the acronym were removed from the Government Finance Officers Association website.

The creation of the Municipal Liquidity Facility helped not only eligible entities but also those left out of using the program.

There is no deadline for local governments or states to spend the money, with much it expected to be put to use quickly.

Nonbanks had worried the end of the Paycheck Protection Program Liquidity Facility would hurt their ability to lend to small businesses. On Monday, the Federal Reserve announced the facility would be extended for three months.

Among over 1,200 dealers registered with the MSRB, 21 firms are bank dealers who would be impacted by the change.

A conversation with Rodney Slater and Bill Shuster

A new GFOA advisory said the International Swaps and Derivatives Association has developed “more robust fallback language to specify the rate to be used upon a Libor cessation.”

Trade volume increased by just 4% compared to 2019 following a volatile year for munis.

Reinstating certain municipal bond provisions would make way for more infrastructure investment.

Lt. Gov. Dan McKee succeeds her on a day state voters approved seven bond measures totaling $400 million.