Washington

Eliseo Sampayo was fined $20,000, half of which will go to the Municipal Securities Rulemaking Board for violating its rules.

The U.S. central bank’s new guidance on interest rates doesn’t preclude tightening before inflation averages 2% for some period of time, Chicago Fed President Charles Evans said.

Guarnaccia is a partner at Ballard Spahr in Baltimore.

Rep. Rashida Tlaib, D-Mich., said the Municipal Liquidity Facility is not flexible enough for states and local governments.

Federal Reserve Bank of St. Louis President James Bullard said the U.S. economy has enough momentum to continue its recovery from the coronavirus slump even if Congress fails to pass additional taxpayer support.

The aid includes $9.6 billion for the Puerto Rico Electric Power Authority to repair and rebuild the electrical grid and $2 billion for the Puerto Rico Department of Education.

The Fed has been chasing its 2% inflation goal since 2012 and has yet to even come close to reaching it, thanks in part, to technology and globalization.

These public finance supporters in both chambers of Congress include Democrats from Massachusetts, Maryland, and Alabama and Republicans from Mississippi, Ohio, and Texas.

Voters will consider bond issues in three states and a number of tax measures, according to the National Conference of State Legislatures.

The settlement in which Roosevelt & Cross, Inc. agreed to pay $1 million is part of a now more than two-year crackdown on "flipping" arrangements.