Washington

Ex-Morgan Stanley branch manager Terry Lee McCoy failed to act on several "red flags" that the accounts of an elderly and incapacitated customer were being abused, FINRA said.

U.S. Conference of Mayors President Stephen Benjamin talks about the ways to get Congress to bring back advance refundings for municipal bond issuers. The mayor of Columbia, S.C., also discusses a Smart Cities agenda that’s focused on growing cities through improved infrastructure. John Hallacy is host.

A bill now in committee would sell distressed federal assets to fund projects in distressed communities and pay down the deficit.

Emrich is a longtime credit and bond analyst in the municipal securities market.

There was friction about the integrity of the muni market during a panel discussion Thursday, but the committee agreed to move along with some disclosure recommendations.

A majority of states leverage their revolving funds to issue municipal bonds to finance local projects.

Only nine states reported making midyear budget cuts totaling $830 million this year compared to 22 states that cut $3.5 billion in 2017.

State officials say the new funds will increase the local share of funding for Gateway and improve the project's chances of getting federal funds.

Federal Reserve Board Chairman Jerome Powell said he will hold a press conference after every Federal Open Market Committee meeting, beginning in January.

Navnoor Kang, a former director at the New York State Common Retirement Fund, wants home confinement rather than prison.