Washington

Analysts have noticed a definite hesitance of issuers to talk to them one-on-one and blame the MSRB's market advisory warning issuers against revealing material information to select investors.

The Securities Exchange Commission and the former town attorney for Oyster Bay, N.Y. have agreed to a proposed settlement of SEC charges.

Bipartisan bills pending in the House and Senate would allow private activity bonds to be used for state and local government buildings.

Richard Clarida, an international monetary economist and Pacific Investment Management Co. global strategic adviser, is the front-runner for the nomination to be the Federal Reserve vice chairman, said a person familiar with deliberations.

Transportation Secretary Elaine Chao said career employees within her department calculated only a 5% local funding commitment because the two states are relying on federal loan guarantees.

Groups representing both dealer and non-dealer muni advisors are opposed to the MSRB's new rule and rule changes on advertising because they are too dissimilar from FINRA's rules and could be confusing.

Federal Reserve Board Chair Jerome Powell seemed to counteract his earlier statement, which suggested the chance for four rate hikes in 2018.

The 29% tax exposure rate is up for a readjustment because the new tax bill slashed the corporate tax rate to 21% from 35% and also lowered individual tax rates.

The light month for long-term municipal bond volume is another ripple effect of the new tax law and the issuance rush leading up to its enactment.

Rosselló is seeking assistance from Congressional leaders as Puerto Rico struggles to get on its feet financially five months after Hurricane Maria.