The New York Metropolitan Transportation Authority and the Triborough Bridge and Tunnel Authority are planning several note and bond sales this month, the MTA said. During the week of March 11, the MTA plans to sell two competitive payroll mobility tax bond anticipation note issues. One transaction will consist of about $500 million of MTA
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Harvard University saw strong market reception to $750 million of taxable corporate CUSIPs Tuesday, becoming the latest prestigious university to tap the muni market due to pent-up capital needs amid a steadier rate environment. Goldman Sachs priced for the Presidents and Fellows of Harvard College (Aaa/AAA//) $750 million of taxable corporate CUSIPs, Series 2024A, Tuesday.
The Federal Reserve’s dormant emergency lending program for state and local governments set up during the COVID-19 pandemic had a surprise return to the spotlight last Friday when Sen. Rand Paul, R-Ky., introduced a measure banning the central bank from reviving the program or buying municipal bonds in the future. “It was never intended that
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UK chancellor Jeremy Hunt claimed that Britain’s economy has “turned the corner”, as his pre-election Budget put a £10bn personal tax cut at the heart of the Conservatives’ bid to overturn Labour’s polling lead and
The US private sector added 140,000 jobs in February, signalling a modest uptick in the labour market ahead of job openings figures later this morning and Friday’s official non-farm payrolls report. February job gains surpassed 111,000 in January but fell below the 150,o00 that economists polled by LSEG predicted. Wage growth for those who remained
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. This article is an on-site version of our Inside Politics newsletter. Sign up here to get the newsletter sent straight to your inbox every weekday Good afternoon. The Conservatives are still raising taxes to a
With a general election looming, chancellor Jeremy Hunt was under pressure to deliver sweeteners for voters, notably what he described as “helping families with permanent cuts in taxation”, without appearing fiscally irresponsible. He confirmed the heavily trailed 2p cut in national insurance contributions, a shake-up of the “non-dom” tax regime and the creation of a
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UK chancellor Jeremy Hunt has presented a “Budget for long-term growth”, as the Conservative government tries to reduce its deficit in the polls ahead of a general election expected this year. Hunt on Wednesday announced
When North Dakota in February issued two new series of multi-million-dollar housing finance bonds, its second such issuance in the last four months, it was both catering to a need for housing assistance and capitalizing on favorable market conditions. Ansel Caine, municipal advisor at Caine Mitter, a New York City-based firm that works with state
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Spain has moved to block Sam Altman’s cryptocurrency project Worldcoin, the latest blow to a venture that has raised controversy in multiple countries by collecting customers’ personal data using an eyeball-scanning “orb”. The AEPD, Spain’s
An aerial view shows a subdivision that has replaced the once rural landscape on July 19, 2023 in Hawthorn Woods, Illinois. Scott Olson | Getty Images Spring hasn’t officially sprung yet, but the spring housing market already appears to be on the move despite stubbornly higher mortgage rates. Mortgage applications to purchase a home increased
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Nikki Haley has decided to end her presidential campaign, a person familiar with the matter said on Wednesday. The move caps a bid for the White House that outlasted all the other Republican rivals to
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK has, by accident, been running a prolonged experiment in education policy for the past three decades. Northern Ireland, Wales, Scotland and England have all pursued radically different approaches to schools policy since the
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. This article is an on-site version of our Inside Politics newsletter. Sign up here to get the newsletter sent straight to your inbox every weekday Good morning. Jeremy Hunt will present his final pre-election budget
Live Opinion3/6/2024, 9:51:25 AM Stephen Bush At the Autumn Statement last year, Jeremy Hunt used most of his “headroom” to introduce a series of genuine “pro-growth” measures: making “full expensing” permanent (a big tax break for companies), increasing the government’s spending on computing power to develop artificial intelligence and further fleshing out its £2.5bn national
Donald Trump celebrated his latest string of victories on home turf on Tuesday night, addressing hundreds of supporters who had packed a gilded ballroom at his Mar-a-Lago resort in Palm Beach, Florida. “They call it Super Tuesday for a reason,” the former president said at a podium flanked by a dozen American flags. “This is
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. EG Group is in talks to offload some UK assets to billionaire co-founder Zuber Issa in what the company told investors was an attempt to reduce the debt pile of its petrol-station empire. The group
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. After chancellor Jeremy Hunt delivers his all-important Budget speech this lunchtime, three FT experts will be poised to answer your questions about the economy, tax and the impact on your personal finances. Claer Barrett, the
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is a science commentator The 2019 film Dark Waters, starring Mark Ruffalo, helped to thrust “forever chemicals” into the public consciousness. It dramatised a legal case brought against DuPont for contaminating water supplies
Russia has aggressively relaunched its spy war with the west, and Moscow’s publication of a phone call in which senior German air force officers discussed sending cruise missiles to Ukraine is only the latest chilling example. “The game of cat and mouse has returned,” said one western intelligence officer. “Russian activities . . . are as high or even
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK’s higher earners are on track for the biggest fall in their disposable income on record as Jeremy Hunt prepares to deliver a tax-cutting budget he hopes will save the Conservatives from electoral defeat.