Washington

Senate Majority Whip John Cornyn told The Bond Buyer he will fight to keep PABs in the final tax reform bill when the Senate and House Republicans negotiate their differences next month.

Ennis Rep. Joe Barton is rallying to prevent the GOP's sweeping tax revamp from costing the city of Arlington millions of dollars on its voter-approved plans to finance the new Texas Rangers ballpark.

The conundrum faced by Alan Greenspan is back — and possibly worse.

Federal Reserve officials are pushing for a potentially radical revamp of the playbook for guiding U.S. monetary policy, hoping to seize a moment of economic calm and leadership change to prepare for the next storm.

Changing demographics will be a challenge for policymakers, who will have to constantly evaluate and adapt, Federal Reserve Bank of Cleveland President Loretta Mester said Thursday.

U.S. Sen. Elizabeth Warren and Rep. Nydia Velázquez called for the Oversight Board to eliminate all of Puerto Rico’s public sector debt.

It may take 60 votes in the Senate to decide if the tax bill is subject to the PAYGO Act.

Gradually raising interest rates remains appropriate, including a 25 basis point increase in December, Federal Reserve Bank of Boston President Eric Rosengren said.

Smaller not-for-profit hospitals and systems lack the access to taxable debt markets enjoyed by bigger systems.

Without tax-exempt private activity bonds, charters would have to turn to more expensive and restrictive capital sources.