Washington

Buy side analysts are skeptical about broker-dealer concerns that the order could greatly expand the private placement market.

Airports Council International – North America estimates airports need $100 billion in infrastructure through 2023.

A report from the Federal Reserve reported modest economic growth, a characterization two Federal Reserve Bank presidents seemed to agree with.

The board will, among other things, review comments on a proposed order that would allow municipal advisors to participate in some private placement activities.

The median time it takes for municipal bond borrowers to complete their annual audits was 156 days for fiscal 2018: equal to the slowest time in the past 11 years.

Indian River County won’t pursue the federal litigation further, but it will proceed with a lawsuit in state court over the use of its railroad crossings.

The Securities Industry and Financial Markets Association survey indicates low interest rates will keep the environment for issuing debt favorable.

The first hard evidence of how this is affecting ratings in the public finance sector came from a downgrade two months ago involving Princeton Community Hospital in West Virginia.

The Fed should hold rates and wait for the three 2019 cuts to work their way through the economy before deciding its next move, Federal Reserve Bank of Kansas City President Esther George said Tuesday.

The announcement Monday involved last March’s ruling by the First Circuit Court of Appeals on the Puerto Rico Highways and Transportation Authority’s special revenue bonds.