Washington

A hearing officer and a Circuit Court judge concluded Illinois failed to prove accusations of securities violations against Calvin Grigsby.

All four industry groups that submitted comments on the proposed rule requested a continuation of the practice that allows remarketing reissuances at a premium.

If blockchain becomes a force in the muni market, it could take on some of the duties done by middlemen, thereby cutting costs for issuers.

A weakening economic outlook in the U.S. and abroad argue for a “softer” path for interest rates than central bankers previously envisioned, Federal Reserve Governor Lael Brainard said.

Newly issued Treasury securities held in stripped form decreased about $1.197 billion in February.

The U.S. economy cooled in the first two months of 2019, with growth characterized as “slight-to-moderate” across most of the country in a Federal Reserve survey.

Slower economic growth shouldn’t be a concern since it’s the “new normal,” according to Federal Reserve Bank of New York President John Williams, who said Wednesday this allows the Fed to be patient and data dependent on rate changes.

A wide variety of projects would be eligible under the bill, including airports, ports, transit, and more.

Some issuers were concerned about precedents they would be setting and questions underwriters could have regarding compliance with the amended rule.

The federal government ran an $8.7 billion surplus in January, the Treasury Department reported Tuesday.