Washington

Chao tweeted her resignation on Wednesday following violent turmoil in the U.S. Capitol.

Ross expects 2021 to be another challenging year and plans to work vigilantly with other muni market stakeholders.

John Hallacy, founder of John Hallacy Consulting LLC, talks about the most important opportunities and challenges the municipal bond market will face in 2021. He gives his estimate on where muni volume may be headed, discusses the possibility of a federal infrastructure program and talks about what to expect under a Biden Administration. Chip Barnett hosts. (Recorded Dec. 22; 22 minutes)

The top 20 more than doubled the gains of their fixed-income industry peers.

FOMC members backed maintaining asset purchases, although “a couple” were “open” to “weighting purchases of Treasury securities toward longer maturities,” according to minutes released Wednesday.

Sources expect funding to be put to use quickly compared to the CARES Act since many cities since stood up programs to provide pandemic related aid to households and small businesses.

Bond attorneys said the new rules fill in some holes because the IRS previously only had a process for tax-exempt bonds.

Federal Reserve officials unanimously backed holding the pace of asset purchases steady when they met last month.

The apparent victories by Democrats in two Senate runoff races in Georgia is a "game changer" for public finance.

The National Association of Bond Lawyers wrote to the IRS in November 2019 asking for a significant reduction in the fee.