Washington

The Lincoln-Way high school district won a Moody's upgrade to Baa2 ahead of a $23 million refinancing deal.

Deborah Goldberg succeeds Utah State Treasurer David Damschen as president of the National Association of State Treasurers.

The Securities and Exchange Commission plans to focus on protecting Main Street investors in municipal bonds.

The Federal Reserve may have succeeded in thwarting major year-end turmoil in funding markets.

The investigation appears to be linked to the supervision of Deborah Kelley, a broker who was convicted and sanctioned for bribing a state pension fund officer.

GASB’s final guidance on the Replacement of Interbank Offered Rates is expected to be issued in March, giving state and municipal governments plenty of time to make adjustments before Libor is phased out by the end of 2021.

The annual rotation among FOMC voters could influence monetary policy.

As surface transportation funding is set to expire later in 2020, a new reauthorization could help push muni bond initiatives next year.

The new alternative reference rates cited by Treasury and the IRS include the Secured Overnight Financing Rate (SOFR) published by the Federal Reserve Bank of New York and the Federal Funds Rate.

Gary Hall of Siebert Williams Shank talks with Chip Barnett about the recent merger which created the largest minority- and women-owned investment bank in the U.S. He looks back at his time at the MSRB and looks ahead to what the market may see in 2020.