Washington

The Senate Banking Committee is expected to approve the nominations of Richard Clarida and Michelle Bowman for seats on the Federal Reserve Board of Governors in a vote on Tuesday.

A proposal by bank and securities regulators to roll back some provisions of the Volcker Rule indicates they may be considering rethinking their previous stance on tender option bonds.

The plan would raise power costs, but analysts say municipal utilities and energy cooperatives can absorb the increases or pass them on to customers.

The IRS Office of Professional Responsibility took no action on the misconduct allegation against Brad Waterman, but informed him that a record of it would be kept for 25 years and revisited if needed.

The muni industry's self regulator said issuers have found underwriters' disclosure letters to be too long, filled with boilerplate, and duplicative.

Elad Roisman's main expertise is in equities, corporate debt, mergers, market structure and derivatives.

Wells Fargo Securities and banker Peter Cannava are alleging the SEC was dishonest in crafting investors' statements and failed to turn them over to defense attorneys in the 38 Studios case.

Tax administrators will consult with governors and governors, in turn, will consult with their legislatures before responding to any of several possible rulings in the case by the high court, officials said.

Officials say a long-awaited transit project reached the finish line thanks to the federal transportation grant program.

Puerto Rico was by far the largest recipient of emergency relief funding allocated by the Federal Transit Administration.