Washington

The state’s net position of governmental activities eroded by $10.1 billion to reach a negative $141.7 billion.

Vendors, dealers, and regulators say that the integration of sometimes subjective markup disclosure rule requirements into existing broker-dealer systems is proving to be a heavy lift for the industry.

With the deep cut in the corporate tax rate and rising interest rate, banks are rethinking their investments in municipal securities.

The bill has a $63 billion in spending for non-defense discretionary programs in the 2018 fiscal year ending Sept. 30, including $10 billion more for infrastructure programs.

Mnuchin will hand-deliver documents related to the loan in his first visit to the territory as a public official, he said.

Bill Gross, the billionaire bond manager with Janus Henderson Group Plc, doesn't expect three or four hikes this year.

The project would get money from Amtrak, capital investment and other accounts under the omnibus spending bill, the details of which are expected to be released later today .

Primary and secondary activities were an afterthought Wednesday as the municipal market focused on the interest rate announcement from the Federal Reserve Board.

In his first press conference as chair following a Federal Open Market Committee Jerome Powell stressed that “one decision” was made at the meeting: raising rates 25 basis points to a 1.5% to 1.75% target range.

The Federal Open Market Committee raised the federal funds rate target to a 1.50% to 1.75% range, as expected, while the Summary of Economic Projections still calls for three hikes this year.