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The Government of the U.S. Virgin Islands and the Virgin Islands Public Finance Authority filed a lawsuit this week against their former bond counsel and financial advisor, alleging they were negligent when they advised that $219.49 million of bonds issued in 2006 would be tax exempt.
By Naomi JagodaOctober 23 - Washington
Corporate tax reform is likely to be a priority for Congress and the Obama administration no matter which party has control of the Senate after the midterm elections, said tax experts and congressional observers who, nevertheless, differ on how this might impact municipal bonds.
By Naomi JagodaOctober 22 -
Existing home sales rose 2.4% to a seasonally adjusted 5.17 million-unit rate in September from a unrevised 5.05 million pace the previous month, the National Association of Realtors announced Tuesday
By Naomi JagodaOctober 21 - Washington
The District of Columbia Water and Sewer Authority, which garnered attention this summer for its historic century bond issuance, will return to the market with about $350 million of public utility subordinate lien revenue refunding bonds that are likely to price Tuesday.
By Naomi JagodaOctober 20 -
The Internal Revenue Service is auditing economic development revenue bonds issued by St. Joseph County, Ind. in 2007 for Saint Mary's College.
By Naomi JagodaOctober 16 -
The federal government ran a $105.8 billion budget surplus in September, the Treasury reported Wednesday, resulting in a fiscal year 2014 deficit of $483.4 billion.
By Naomi JagodaOctober 15 -
State debt issuance has been below average and is likely to remain restrained in the near future despite the fact that infrastructure needs are large, Standard and Poor's said in a report released Monday.
By Naomi JagodaOctober 13 -
Federal subsidy payments to issuers of Build America Bonds and other direct-pay bonds that are processed during fiscal 2015, which began Oct. 1, will be reduced by 7.3% under sequestration.
By Naomi JagodaOctober 9 -
Internal Revenue Service Commissioner John Koskinen is urging Congress to decide soon whether or not it wants to extend tax provisions that expired at the end of 2013.
By Naomi JagodaOctober 7 -
Consumer credit increased by $13.5 billion, or 5.0%, in August to $3.247 trillion, the Federal Reserve reported Tuesday.
By Naomi JagodaOctober 7