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An Internal Revenue Service memorandum concluding that a local government's Build America Bonds were reissued when they were defeased is drawing criticism from bond lawyers.
By Naomi JagodaDecember 24 -
Existing home sales fell 6.1% to a seasonally adjusted 4.93 million-unit rate in November from a revised 5.25 million pace the previous month, the National Association of Realtors announced Monday.
By Naomi JagodaDecember 22 -
Industrial production rose 1.3% in November, the Federal Reserve reported Monday.
By Naomi JagodaDecember 15 -
Use of municipal bonds should be encouraged, and their prevalence should not be limited, because state and local governments face challenges financing projects through other means, Rep. Randy Hultgren said.
By Naomi JagodaDecember 12 -
The House late Thursday passed a spending bill known as the "cromnibus" that would fund most federal government agencies through the end of the federal fiscal year.
By Naomi JagodaDecember 12 -
The Cherokee County School System is negotiating with the Internal Revenue Service to settle a tax dispute, after an IRS agent contended in an audit of 2007 bonds that there was an arbitrage problem.
By Naomi JagodaDecember 10 -
The federal government ran a $56.8 billion budget deficit in November, the Treasury Department reported Wednesday.
By Naomi JagodaDecember 10 -
Members of Congress unveiled a fiscal 2015 spending bill late Tuesday, but some provisions tucked into the measure were drawing opposition.
By Naomi JagodaDecember 10 -
A report released Tuesday by Sen. Tom Coburn, R-Okla., recommends that Congress should eliminate the tax exemption for municipal bonds.
By Naomi JagodaDecember 9 -
The National Association of State Treasurers is working with Rep. Jason Chaffetz, R-Utah., on a letter to be sent to the House Ways and Means Committee chairman that would make the case for conservatives to preserve the municipal bond tax exemption, a consultant to NAST said Friday.
By Naomi JagodaDecember 5