Washington

In the SEC inquiry, along with a separate FAA investigation, regulators are trying to determine if airport revenues were misspent.

S&P Global reports state HFAs are maintaining high ratings this year, “buoyed by demand for affordable housing and mortgages, low interest rates, relatively low unemployment, increasing wages, and the overall strong domestic economy.”

The expiration of a federal highway bill could provide a catalyst for expanding bonds, according to former Senate Finance Committee tax counsel, Ryan Abraham.

The Fed has been trying to rein in volatility in the market and keep the fed funds rate within its target range.

The proposal is highly doubtful to become law in the coming months given the limited number of days Congress will be in session the remainder of the year.

Municipal market participants got some comfort about their fraud liability if they act in good faith on interim financial disclosures.

The U.S. economy is sending mixed signals about the pace of growth going forward, said Neel Kashkari, president of the Federal Reserve Bank of Minneapolis.

After getting national attention for allegedly swindling millions from a disabled billionaire client, brokers Ami Forte and Charles Lawrence have been barred from the industry.

Negative rates could add to central banks’ toolbox in the next recession, though the Federal Reserve would prefer asset purchases and forward guidance.

The Idaho audit involved $1.485 million general obligation bonds issued with a taxable direct-pay federal subsidy under the Qualified School Construction Bonds program.