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Trump to name Skeel, González to Puerto Rico Oversight Board

The Puerto Rico Oversight Board announced Wednesday that Pres. Donald Trump would name David Skeel and Arthur González to serve three-year terms on the Puerto Rico Oversight Board. The board made the announcement late Wednesday. The announcement wasn’t on the White House press site at 5:30 p.m. Wednesday. Earlier in the

Rhode Island puts bond measures to March vote

Rhode Island’s $12.8 billion budget bill, which Gov. Gina Raimondo signed on Monday, includes $400 million in bond measures in seven ballot questions that voters will decide in a March 2 special election. The pared-down, six-months-late spending plan for fiscal 2021 restores funding to cities and towns, uses federal COVID-19 relief

Muni advisor exemption won't be extended

The Securities and Exchange Commission does not expect to extend a temporary conditional exemption that allows municipal advisors to facilitate certain private placement deals. In a letter sent to Rep. French Hill, R-Ark., late last week, SEC Chair Jay Clayton told the lawmaker that the SEC would pull the plug on

Consumer confidence surprises to the downside

Consumer confidence unexpectedly plunged in December, although the expectations index improved, while the rest of Tuesday's economic data came in around expectations. The consumer confidence index fell in December to 88.6 from a downwardly revised 92.9 in November, first reported as 96.1, The Conference Board reported Tuesday. The present situation sank

Finalized P3 settlement drives upgrade to Purple Line bonds

Private-activity bonds backing the long-planned Purple line light rail system in Maryland received a credit boost following approval of a financial settlement that contains protections for bondholders of the beleaguered public-private partnership. Fitch Ratings upgraded Purple Line Transit Partners’ senior-lien revenue bonds issued through the Maryland Economic Development Corporation (MEDC) by