Washington

“We crossed a lot of red lines that had not been crossed before,” said Federal Reserve Chairman Jerome Powell.

The Financial Stability Board issued a statement April 2 affirming that it is sticking with plans to transition away from Libor by the end of 2021.

Dealer groups supported the MSRB's move, saying it would remove a disincentive to use the Fed's short-note program.

When the pandemic ends, the Fed must remove accommodation, unlike after the Great Recession.

Borrowing may not be the best way to replace revenue losses unless municipalities have good reason and the debt capacity to do so, former state officials said.

The coronvirus pandemic led to economic declines and contacts are unsure how quick recovery will be.

Issuers say the Treasury's intent was to open up COVID-19 funds for public safety costs.

GASB has announced that the requirement for the use of GASB 87 standard for lease accounting has been pushed back to fiscal years beginning June 15, 2021.

Federal Reserve Bank of New York President John Williams said policy makers are “thinking very hard” about targeting specific yields on Treasury securities as a way of ensuring borrowing costs stay at rock-bottom levels beyond keeping the benchmark interest rate near zero.

An injunction was issued against U.S. Immigration and Customs Enforcement, which could impact a prison's facility's revenue bonds.