Washington

In a recent Moody's report, analysts said states would be able to weather a moderate recession due to healthy reserves.

The $10,000 limit on the SALT deduction caused an estimated 10.88 million individual taxpayers to lose $323.1 billion in tax deductions for the 2018 tax year.

Some market participants worry about the viability of a key muni advocacy talking point if enough midsize issuers begin to embrace the taxable market.

The U.S. economy expanded “modestly” through mid-November amid steady consumer spending and some brighter signs from manufacturers, a Federal Reserve survey showed.

In formal comments filed with the federal government and separately to GASB, municipal finance groups have given the regulators generally high marks.

Each state would be guaranteed $25 million in bonding authority each year, with an additional $1.25 billion in authority allocated among the states according to rural population.

Federal Reserve Board Gov. Lael Brainard presented her alternative to quantitative asset purchases.

A bus line in Flagstaff received $17.3 million in grants to relocate its connection center and buy zero emission buses.

Federal Reserve Chairman Jerome Powell struck an upbeat tone in gauging the ability of policy makers to extend the record U.S. economic expansion, while signaling interest rates would probably remain on hold.

A lawsuit challenges the May 2019 voter approval of the bond measure, which passed with more than 71% of the vote. None of the debt has been issued yet.