Washington

The IRS letter ruling publicly released Friday allows floating private equity to be used for a prohibited use for a tax-exempt bond-financed airport terminal renovation.

The choice appears to reaffirm U.S. regulators' commitment to the international standards-setting body.

After last week's revelations about alleged wrongdoing by CMEEC officers, the issuer has appointed a special committee to oversee its own investigation.

Federal Reserve Bank of Minneapolis President Neel Kashkari said further tightening could trigger a recession.

The risk that the Federal Reserve could soon hit the pause button on interest-rate hikes means the great flattening of the yield curve is almost over.

Once a high-profile story of fiscal mismanagement, D.C. is now providing an example other large cities are exploring for themselves.

Connecticut Municipal Electric Energy Cooperative officials allegedly used CMEEC funds for lavish trips to the Kentucky Derby and a luxury golf resort in West Virginia.

The U.S. central bank will stick with its campaign of gradual interest-rate increases, said Federal Reserve Bank of New York President John Williams.

Underwriters and issuers alike have complained about the nature of disclosures under current guidance to the MSRB's rule G-17.

Amazon's decision spurred debate about public incentives to corporations, infrastructure and housing, and how it all weighs on municipal credit.