Washington

Despite changes made to the Fed's Municipal Liquidity Facility, lawmakers say smaller communities in populous states are left out.

The central bank will increase support for credit issued through the Main Street Lending Program while providing midsize firms with more flexibility on the amounts they receive.

PABs represented 25.4% of all tax-exempt bonds issued in 2017, up from 21.5% in 2016.

A sticking point for dealers is the MSRB's proposal to reserve two seats on its board for municipal advisors.

With interest rates on hold until the picture is clearer, the Summary of Economic Projections should take center stage.

States that are projecting fiscal 2021 revenue declines of more than 15% include California, Colorado, New Jersey, New Mexico, Oklahoma, and Vermont.

The MSRB is seeking to reduce the size of its board to 15 members and to extend the "cooling off" period for bankers and muni advisors seeking seats as members of the public.

Monday's first phase of emergence from COVID-19 lockdowns will put the city and the Metropolitan Transportation Authority in a national spotlight.

The SEC has asked for more timely, voluntary disclosure from issuers of municipal bonds.

Lawmakers stressed the importance to invest in infrastructure as a way for the country to recover from the pandemic.