Washington

Indications of a more hawkish sentiment at the Fed may continue to pressure tax-exempt yields higher, particularly on the short end of the curve.

The letter initiated by Rep. Leonard Lance of New Jersey threatens congressional oversight measures if passenger rail line funds are not released.

The amount of outstanding variable rate demand bonds rose to $142.4 billion in the second quarter of this year, a gain over $142.2 billion in the first quarter and the end of a decade-long decline, Moody’s Investor Service said in a recent report.

Federal Reserve Board Chairman Jerome Powell said the removal of “accommodative” from the post-Federal Open Market Committee meeting statement doesn’t “represent a change in policy.”

Federal Reserve officials raised interest rates for a third time this year and reaffirmed their outlook for further gradual hikes well into 2019, risking fresh criticism from President Donald Trump.

Incoming NABL president Dee Wisor wants the group to be more active in Washington.

House Republicans will vote Thursday or Friday on tax reform legislation that would make permanent the $10,000 federal cap on the deduction for state and local taxes and individual income tax rate reductions.

The MSRB is hoping that new guidelines will encourage more conversation between its staff and the broker-dealers and muni advisors it regulates.

One proposal is to use the Chicago water system to fund the Windy City’s public employee pension plans.

MEAG joins two other owners of the Plant Vogtle project voting to move forward; Oglethorpe Power has yet to decide.