Washington

Wilshire Consulting said the aggregate funded ratio for U.S. state pension plans remained unchanged between and first and second quarters of 2018 at 70.8%, up 0.7 percentage points from the previous 12 months.

Federal Reserve Bank of Cleveland President Loretta Mester said the case for raising interest rates is “pretty compelling” given the economy’s strength.

At the moment, gradual rate hikes remain appropriate, given no signs that inflation will accelerate beyond 2%, despite broad risk factors.

Federal Reserve Bank of St. Louis President James Bullard said the Fed should heed the signals from the bond market.

The proposed Treasury rules would limit states' use of charitable deductions as workarounds for the $10,000 cap on the federal deduction for state and local taxes.

James J. O'Neil received a 12-month suspension from the market for his role in the flipping and kickback scheme.

Legislation pending in both the Senate and House would eliminate private activity bond volume caps for water and sewer projects.

President Trump's nominee Elad Roisman is a step closer to becoming an SEC commissioner.

Muni market groups claimed victory after federal banking regulators moved to treat munis like all other types of Level 2B HQLA.

The now-defunct unregistered broker-dealer Core Performance Management, LLC, and four of its former employees settled fraud and MSRB rule violations with the SEC for engaging in municipal bond flipping and kickback scheme.