Washington

The lawsuits were filed a day after 11 Democrats in the Senate and a bipartisan group of 47 House lawmakers announced a long-shot effort to repeal the regulation using the Congressional Review Act.

The economy was chugging along at about the same pace from mid-May through early July as it had in the previous period, according to the Federal Reserve’s Beige Book.

This latest IRS action is one of a series of bond audits involving various government agencies in Puerto Rico.

Registered advisory firm Dale Scott & Co. will pay $25,000, and one firm and one individual each will pay $10,000 for acting as unregistered solicitors.

The IRS regulation is targeted at ending workarounds by state and local governments that have been enacted since the cap was included in the 2017 Tax Cuts and Jobs Act.

Researchers found many pension plans have already taken significant steps to assure their long-term sustainabilty.

The expected decline in coal production amid pressure for climate change action demands better bond disclosure from affected governments, a new paper argues.

The impact of defaults by non-GO bonds was negligible to nonexistent on the ratings of GO bonds issued by the same local governments.

Federal Reserve Chair Jerome Powell’s testimony before Congress this week made it seem a rate cut at the end of the month is a done deal.

Sen. John Kennedy introduced the bill in April, and is attempting to move it forward. It would overhaul MSRB board membership rules, particularly for members representing the public.