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Consumer credit increased by $17.2 billion, or 6.5%, in June to $3.211 trillion, the Federal Reserve reported Thursday.
By Naomi JagodaAugust 7 -
The Joint Committee on Taxation estimates that tax-exempt governmental bonds will result in revenue losses to the federal government of $179.6 billion from fiscal years 2014 through 2018
By Naomi JagodaAugust 6 -
The National Association of Water Companies wants the Treasury Department to clarify tax rules so that state and local governments can ensure the tax-exempt bonds they used to finance their water and wastewater facilities will not become taxable if they enter into public-private partnerships.
By Naomi JagodaAugust 5 -
The Treasury Department's new Office of State and Local Finance is adding a senior policy advisor focused on public sector pensions, the office's director, Kent Hiteshew said Monday.
By Naomi JagodaAugust 4 -
A slew of bond-related bills was introduced in the House and Senate in the last few days before members of Congress left town to begin their five-week recess.
By Naomi JagodaAugust 4 -
A bill introduced in the House last week would allow more issuers to be able to issue bank-qualified bonds.
By Naomi JagodaJuly 31 -
The money that retirees spend from the payments they receive from defined benefit pension plans supports jobs and economic activity, according to a report released Wednesday by the National Institute on Retirement Security.
By Naomi JagodaJuly 30 -
While Moody's Investors Service gives the states sector a stable outlook, some states are in better shape than others, rating agency analysts said in a conference call Tuesday.
By Naomi JagodaJuly 29 -
Using bond proceeds to construct a university athletic facility at a revised location will not cause the bonds to fail to meet public notice and approval requirements, the Internal Revenue Service ruled.
By Naomi JagodaJuly 28 -
An independent accountant hired by the Long Beach Community College District in California has estimated that the district may have to pay about $1.73 million to settle with the Internal Revenue Service under the agency's voluntary closing agreement program, an issuer official said.
By Naomi JagodaJuly 25