Federal Reserve Governor Lael Brainard said Tuesday that more government fiscal aid is needed to prevent deeper damage to a U.S. economy coping with a fresh surge in coronavirus cases.

A federal court should strike down the Securities and Exchange Commission’s conditional exemption for muni advisors because the regulator did not solicit stakeholders’ input and was “arbitrary and capricious,” according to the Securities Industry and Financial Markets Association. SIFMA made its case in a newly-filed brief in the U.S. Court of

Money market funds (MMFs) have long been a staple in brokerage accounts as a safe place to stash cash that’s not being invested. In light of the events of the past year, it’s time financial advisors and their clients re-examine this approach. Historically, MMFs have been used to provide safety, liquidity,

The California courts are still sorting out rulings made by appellate courts and the state’s Supreme Court in lawsuits brought against public pension reforms signed into law by Gov. Jerry Brown in 2013. The high court denied on November 24 two requests for depublication of the First Appellate District’s decision in

With supply low and demand high, home prices have risen, making it difficult for first-time homebuyers, leading to a 1.0% decrease in pending home sales, the National Association of Realtors Sales declined a revised 2.0% fall in September, first reported as a 2.2% drop. Economists polled by IFR Markets anticipated a

Title: Assistant TreasurerFirm: Transurban — North AmericaAge: 37John Markowitz, a 2005 graduate of the University of Virginia, started his career in commercial credit at SunTrust Bank. He was about to go to law school when a colleague contacted him about working in a unique and growing form of infrastructure financing,

The Puerto Rico Electric Power Authority

The municipal market was quiet and little changed Monday with light trading as participants await the post-holiday new-issue calendar and December redemptions. Triple-A benchmarks saw levels bumped a basis point 10 years and out. However, with another week of healthy municipal inflows, December redemptions and coupons looming large (about $30 billion estimated),

Senate Majority Leader Mitch McConnell set up a vote to advance the nomination of Christopher Waller to the Federal Reserve Board, potentially clearing the way for his confirmation later this week but leaving Judy Shelton’s path to the Fed uncertain. McConnell took the action on Waller’s nomination shortly after the Senate

Federal Reserve Chair Jerome Powell is cautioning lawmakers that the U.S. economy remains in a damaged and uncertain state, despite progress made in the development of COVID-19 vaccines. “Recent news on the vaccine front is very positive for the medium term,” Powell said in testimony released Monday ahead of a Tuesday