Washington

“Major banking organizations have now used this abusive tax shelter scheme to illegally shelter well over $1 billion in taxable income,” said the letter by W. Mark Scott.

The defendant's claim that he's a victim of the Brogdon nursing home frauds shouldn't cloud the court's decision, the SEC said.

The National Association of Bond Lawyers's letter to lawmakers emphasized the infrastructure benefit of protecting the muni market.

Federal Reserve Governor Lael Brainard indicated she favors ending the process of normalizing the U.S. central bank’s balance sheet in 2019.

Governance and economics, rather than cutting benefits, are increasingly seen as key to solving pension funding woes.

The federal government ran a $13.5 billion deficit in December, the Treasury Department reported Wednesday.

Federal Reserve officials are getting their stories straight on the U.S. economy.

If the economy moves as expected, Federal Reserve Bank of Philadelphia President Patrick Harker expects one rate hike this year and one next year.

While American politicians on both sides of the aisle have been mostly silent as the U.S. deficit swells toward $1 trillion and beyond, former Federal Reserve Chairman Alan Greenspan says the lack of attention won’t last.

An SEC muni office official discussed 15c2-12 and more on Tuesday.