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The Senate is poised to pass the Puerto Rico rescue bill after clearing what many say was the final hurdle for the legislation on Wednesday morning, invoking cloture by a vote of 68 to 32.
By Jack CaseyJune 29 -
The Senate is poised to begin debate on the Houses Puerto Rico rescue bill Wednesday morning with a possible final vote taking place later in the day.
By Jack CaseyJune 28 -
Senate Majority Leader Mitch McConnell late Monday filed for cloture on the Puerto Rico rescue bill currently waiting for Senate consideration, setting up a procedural vote for as soon as Wednesday morning.
By Jack CaseyJune 28 -
The Municipal Securities Rulemaking Board announced on Monday that its EMMA system now includes an economic calendar that gives visitors free access to dates and descriptions of upcoming macroeconomic developments that could impact the municipal market.
By Jack CaseyJune 27 -
Treasury Secretary Jack Lew added to the pressure for quick passage of a Puerto Rico rescue bill in a letter to the Senate leadership on Monday, even as some public finance professionals maintain the bill is unnecessary and could be harmful for the commonwealth.
By Jack CaseyJune 27 -
Rep. Randy Hultgren, R-Ill., plans to introduce legislation during the week of June 27 to clarify that the Securities and Exchange Commissions Municipal Advisor Rule does not require municipal issuers to hire municipal advisors in order to issue bonds.
By Jack CaseyJune 24 -
Dealer groups are urging the Municipal Securities Rulemaking Board to cut in half a proposed requirement that would mandate municipal securities transactions to be closed out within 20 days of settlement.
By Jack CaseyJune 24 -
Puerto Rico and Obama administration officials said on Thursday it is imperative that a House bill designed to help the commonwealth be passed into law before the territorys expected debt payment default on July 1.
By Jack CaseyJune 23 -
The Senate is expected to keep Puerto Rico waiting for progress a House bill to help the island address its debt crisis, as other options for the commonwealth have continued to be eliminated.
By Jack CaseyJune 22 -
Ohio filed the first offering document for a potential new type of municipal fund security based on tax-advantaged savings accounts that help support individuals with disabilities, the Municipal Securities Rulemaking Board announced Tuesday.
By Jack CaseyJune 21