Former director of the Office of State and Local Finance at US Treasury Kent Hiteshew, left, and David Dubrow, a partner at ArentFox Schiff, penned a pair of pieces arguing for direct SEC oversight of issuer disclosure. After decades of what investors see as inadequate disclosure from cities, towns and states, it’s time to consider

The U.S. Virgin Islands Supreme Court upheld a 2021 law reshaping the Water and Power Authority’s governing board, a ruling that may be a credit positive for the struggling authority. “Clearly this is a first step in reforming the operations at WAPA,” Muni Credit News Publisher Joseph Krist said last year after an earlier Superior

Munis were little changed in the last session of the month and few deals of size priced, while muni mutual funds saw inflows overall but high-yield saw the first outflows since mid-April. U.S. Treasuries were mixed and equities saw losses. “The final session of October concludes what has been an upwardly trending curve all month

Nora Wittstruck is chief analytical officer for governments at S&P Global Ratings.Bear Gutierrez/Bear Gutierrez Nora Wittstruck is the new chief analytical officer for governments at S&P Global Ratings. Wittstruck takes over from Robin Prunty, who retired in August.  “One of the challenges of whomever would have taken this role is filling her shoes. She is

Chicago Mayor Brandon Johnson speaks at the Democratic National Convention earlier this year. Johnson on Wednesday unveiled his fiscal year 2025 budget proposal.Bloomberg News Chicago Mayor Brandon Johnson on Wednesday proposed a $17.3 billion fiscal 2025 budget that calls for a $300 million property tax increase, a move that reverses a campaign promise but avoids

The Department of Transportation announced $2.4 billion in funding for 122 rail projects in 41 states and the District of Columbia, though concerns about the future of rail and other infrastructure funding are rising.  ”Through the Bipartisan Infrastructure Law, we’re funding rail infrastructure projects that create jobs and expand workforce development, reduce costs for consumers,

Secondary trading showed a weaker tone Tuesday but the focus shifted to the primary as a large slate of new issues along the credit spectrum were priced, while U.S. Treasuries improved and equities closed the session mixed. The primary was led by two large California issues, including the state’s competitive sale of tax-exempt and taxable

Oklahoma Treasurer Todd Russ, his office and his chief of staff were sued alleging they withheld documents related to the state’s anti-ESG law. Oklahoma Treasurer Todd Russ, his office and his chief of staff and deputy treasurer, Jordan Harvey, were sued last week by an open-records company that accused them of withholding and possibly destroying