Washington

The bond lawyer group's No. 1 suggestion is to loosen the rules governing state and local government borrowing for working capital.

The Puerto Rico oversight board warned that without restructuring, PREPA faces about $4.5 billion of legacy debt service obligations in the next five years.

Republican Sen. Mitt Romney of Utah said he will vote against Judy Shelton, one of two Trump administration nominees to the Federal Reserve’s Board of Governors.

A Republican-led Senate and White House proposal that was circulating among lobbyists earlier this week indicated the major benefit for local governments would be new language providing greater flexibility for Coronavirus Relief Fund grants.

Market participants say issuer coronavirus disclosures have stagnated due to tax season and issuer fears of future legal ramifications.

Even with more federal rescue aid, which is hardly a given, the Metropolitan Transportation Authority may have to resort to deficit borrowing.

Having people who are “outside the mainstream” on the Federal Reserve’s Board of Governors won’t create “huge amounts of problems” because they won’t set the path for monetary policy alone, former New York Federal Reserve President William Dudley said.

The National League of Cities is focused on college towns as part of its effort to persuade the Senate to provide $500 billion to local governments.

In a virtual meeting, the board will set its budget, but won't select an incoming class of board members, because of a proposed size change.

The responses to requests for quotes in the secondary market increased almost doubled in 2018 compared to 2015.