Washington

Fitch Ratings and Moody’s Investors Service issued statements highlighting the short-term positive impact of the deal.

GFOA is putting together a working group to address concerns about continuing disclosure in the municipal market, a topic increasingly discussed among stakeholders.

The bipartisan legislation would increase the bank-qualified cap to $30 million from $10 million, a high priority for several muni market groups.

A growing interest in broadband is drumming up support, though state laws are making it challenging for municipalities to do the deals.

Prominent muni market figures will discuss the content and timeliness of disclosure at an SEC committee meeting next week.

The minutes reveal a number of pros and cons with the approach. It would be wise to have banks only post T-Bills for excess reserves above $20B.

Mickey Levy, Berenberg Capital Markets Chief Economist U.S., Americas and Asia, discusses why the Fed rate cut will not stimulate the economy, and its unhealthy relationship with the financial markets. Gary Siegel hosts.

The new letter increases the pressure for federal oversight as the island goes through the long process of rebuilding from the damage caused by Hurricane Maria and reorganizing its debt.

Former Federal Reserve Chairman Alan Greenspan endorsed the idea that the U.S. central bank should be open to an insurance interest-rate cut.

Republican Rep. Tim Burchett of Tennessee touts his bill as “a good example of giving businesses an incentive to lower carbon emissions without forcing it upon them with regulations.”