Washington

A muni advisor facing an enforcement action could use a Supreme Court decision on gambling as a defense, a bond lawyer says.

California and New York City are showing us the path forward, as they often do, in the face of the new limits on the federal deduction for state and local taxes.

The impact of the 2008 crisis led Congress and the MSRB to reshape many of the ways business is done in the municipal bond market. Part 1 of The Bond Buyer's series on the decade after the financial crisis.

What began as trouble in the housing and mortgage markets shook the whole world in 2008, including a municipal bond industry that had to learn to live without bond insurance, auction-rate debt and some big investment banks.

The steady pace of U.S. economic growth, supported in part by monetary policy, is consistent with the central bank’s plan to continue gradually lifting interest rates.

The new GASB standards apply to Other Post-Employment Benefits, or OPEB, which mostly pertain to retiree health benefits, but also can include dental, vision, disability and death benefits.

The Federal Open Market Committee should raise rates two, maybe three times to reach a neutral policy rate, Federal Reserve Bank of Dallas President Robert Kaplan said Friday.

Regulators already have a template around which to build an exemption from Volcker for tender option bonds, wrote SIFMA's Michael Decker.

The MSRB needs to better explain the mock advertisements in its compliance resource, a pair of industry groups told the board this week.

With uncertainty about the tools used to measure the economy, Federal Reserve Board Vice Chair for Supervision Randal Quarles said Thursday, it is important to map out a monetary policy strategy and stick to it.