Puerto Rico legislators in the party with a plurality of seats in both legislative bodies are seeking changes to labor laws, such as raising the minimum wage and increasing the number of vacation and sick days for workers, which some say may negatively affect the local economy. Popular Democratic Party

Federal Reserve officials unanimously backed holding the pace of asset purchases steady when they met last month. “All participants judged that it would be appropriate to continue those purchases at least at the current pace, and nearly all favored maintaining the current composition of purchases,” according to minutes of their Dec.

Revenue Procedure 2021-10 will be published

The process of getting $25 billion to renters and landlords is expected to be easier and faster compared to past federal aid, creating housing and utility stability for revenue and property tax-backed bonds. The U.S. Treasury listed cities and counties eligible for the Emergency Rental Assistance Program as well as a

On a day when a pro-Trump mob breached the U.S. Capitol and overtook the House and Senate chambers, markets were still digesting what was transpiring in Washington. As of press time, the National Guard was headed to the Capitol that was still occupied. Municipal bond yields rose one to two basis

Denver Public Schools on Thursday will price $450 million of new money bonds authorized by voters two months ago. The school building bonds, pricing through negotiation with book runner RBC Capital Markets, are listed under the name School District 1 of the City and County of Denver. Fiscal Strategies Group and Public

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’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

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

Oregon lawmakers approved $800 million in COVID-19 aid and wildfire relief for communities decimated by the fire during a special session held Monday. Senate Bill 5731 included $600 million to allow the state to continue to fund critical pandemic-related programs into the first few months of 2021 and to provide support