Today In The Markets

Federal Reserve policymakers “generally favored” slowing the pace at which they’re shrinking the central bank’s asset portfolio by roughly half, minutes from their latest gathering showed. The record of the March 19-20 Federal Open Market Committee meeting also showed “almost all” officials judged it would be appropriate to begin lowering borrowing costs “at some point”

The Dormitory Authority of the State of New York Board of Directors on Wednesday named Robert J. Rodriguez its acting president and chief executive officer. Rodriguez is currently New York’s Secretary of State and will start his new role on May 8. He will be acting president and CEO until confirmed by the state Senate.

Virginia Gov. Glenn Youngkin on Monday presented more than 240 amendments to Virginia’s biennium budget, proposing what he called a common ground budget plan. “Today, I am proud to release my amendments for a common ground budget,” he said. “It demonstrates our commitment not as Republicans or Democrats, not as senators, delegates or a governor

Two San Francisco public finance attorneys, who worked on one of healthcare’s largest public finance deals at their previous firm, have been hired by Chapman and Cutler LLP. Mary Kimura joined the law firm on March 28 as a partner, while Michele Dulik, started Monday as senior counsel. Both will work in the firm’s San

The state of Utah has joined a Native American tribe and labor and energy groups in an effort in the U.S. Supreme Court to keep a proposed bond-financed crude oil-transporting railway project from being derailed. In so-called friend of the court brief last week, the parties backed Seven County Infrastructure Coalition’s March petition asking the

The Municipal Securities Rulemaking Board has filed amendments to its Rule G-47 on time of trade disclosure with the Securities and Exchange Commission, which would add three new disclosure scenarios, update its definition of materiality in relation to the rule, and provide a few clarifying details as supplementary material. The MSRB approved the amendments during

As the chance to tap federal dollars through the Bipartisan Infrastructure Law inches into the final two years of the program, a growing group of policy influencers and lawmakers are moving towards a reauthorization.  “We’re having hearings right now on reauthorization,” said Rep. Rick Larsen D- Wash. “When we’re doing these hearings, we’re talking about

Goddard College in Vermont became the latest small liberal arts school to close, joining a wave of institutions that have made such announcements in recent months. The college, which is outside Montpelier and has just 220 students, cited a “significant and persistent decline in enrollment since the 1970s” in a press release Tuesday announcing the

The Dormitory Authority of the State of New York headlined the top 10 issuers in the first quarter of 2024 with a near $3 billion deal in March. DASNY, Washington (Build America Bond refunding), (January general obligation deal), Jefferson County, Alabama, (massive $2.3 billion sewer refunding) and the New Jersey Education Facilities Authority (largely Princeton

When a ransomware attack struck the city of Huber Heights, Ohio, Nov. 12, it first showed up in a 911 dispatch center computer. A Russian hacker group known as Black Suit, said City Manager Richard Dzik, went on to encrypt multiple city servers and machines, and ultimately gained access to the data of about 5,000