Washington

The Federal Open Market Committee's Summary of Economic Projections probably won't offer the 130 basis points of cuts next year that the market expects.

The top five bond financings have an average dollar volume of more than $1 billion.

Without admitting or denying the findings, Alan Appelbaum agreed to be barred from participating in any securities offerings, but is able to apply for reentry after ten years.

It's the second try for the bill, which Sen. Dick Durbin, D-Ill., first introduced in 2021.

Republicans have repeatedly criticized the California high-speed rail project as a waste of taxpayer money.

The Municipal Securities Rulemaking Board is looking to fill three positions on its board for the 2025 fiscal year.

Cities and states are eligible to apply for the program, which gives eligible solar and wind facilities in low-income areas increased investment tax credits of 10% or 20%.

With a high of $450 billion and a low of $330 billion, no firms currently see issuance surpassing the records hit in 2020 and 2021.

The board is asking market participants to submit input on how their rules and practices generally impact small firms.

A significant chunk of the costs will be passed to ratepayers, experts said.