Lisa's Feed
Mar 4, 2015

U.S. House committee subpoenas Clinton emails on Benghazi

WASHINGTON (Reuters) – A congressional committee investigating the 2012 attack on a U.S. consulate in Libya issued subpoenas on Wednesday for former Secretary of State Hillary Clinton’s personal emails, which have created a political storm for the presumptive Democratic presidential candidate.

The U.S. House of Representatives’ Select Committee on Benghazi demanded all communications from Clinton related to the incident, in which a U.S. ambassador was killed.

Mar 4, 2015

Ferguson policies targeted blacks, created toxic environment: U.S. attorney general

By Lisa Lambert and Carey Gillam

WASHINGTON/KANSAS CITY, Mo. (Reuters) – A U.S. probe found systemic racial bias targeted blacks and created a “toxic environment” in Ferguson, Missouri, but cleared a white officer in the fatal shooting of an unarmed black teenager there, Attorney General Eric Holder said on Wednesday.

The report said the St. Louis suburb overwhelmingly arrested and issued traffic citations to blacks to boost city coffers through fines, used police as a collection agency and created a culture of distrust that exploded in August when Ferguson Officer Darren Wilson fatally shot 18-year-old Michael Brown.

Feb 4, 2015

Pentagon nominee vows to resolve Jordan arms sales delays

WASHINGTON, Feb 4 (Reuters) – President Barack Obama’s
nominee for defense secretary on Wednesday vowed to cut through
“red tape” slowing U.S. arms deliveries to Jordan, which plans
to step up its fight against Islamic State after the killing of
a captured Jordanian pilot.

Ashton Carter, a former No. 2 Pentagon official, told the
Senate Armed Services Committee it was important for Jordan to
be able to acquire the weapons it needed, and he would work to
address concerns raised by King Abdullah during a meeting with
committee members on Tuesday.

Jan 29, 2015

U.S. municipal market board takes on murky bank lending

WASHINGTON (Reuters) – The board overseeing the $3.6 trillion U.S. municipal bond market wants to shed more light on a dark and growing area of public finance: direct lending from banks.

In a strongly worded advisory, the Municipal Securities Rulemaking Board on Thursday said many state and local governments do not disclose bank loans and the resulting murkiness threatens investors.

Jan 26, 2015

East Coast snow storm delays $1.7 billion of U.S. municipal sales

By Karen Pierog and Lisa Lambert

(Reuters) – U.S. municipal bond market supply shrank on Monday in the face of an East Coast blizzard, with Pennsylvania pushing off a $1 billion general obligation debt sale until next week and cash-strapped Atlantic City delaying a $12 million bond anticipation note deal.

Altogether, issuers postponed $1.7 billion of municipal bond sales, including more than two-thirds of the week’s competitive deal calendar, as what the National Weather Service called a “crippling and potentially historic blizzard” bore down on Wall Street.

Dec 31, 2014

Twist ending: U.S. municipal bond sales in 2014 to surpass 2013

WASHINGTON, Dec 31 (Reuters) – Sales of new U.S. municipal
bonds in 2014 will exceed 2013′s total, Thomson Reuters data
showed on Wednesday, a twist ending to a year that began with
shrinking supply.

Preliminary data shows issuance for 2014 was likely $314.95
billion, 1 percent more than the $311.86 billion sold in 2013.
The increase was from refinancing, with refunding bonds rising
11.5 percent to $180.44 billion, as well as large deals. The
number of deals in 2014, 10,156, was down from 10,563 in 2013.

Dec 30, 2014

Fees, expenses for Detroit bankruptcy hit nearly $178 million

By Karen Pierog and Lisa Lambert

(Reuters) – Detroit’s historic bankruptcy, which officially
ended earlier this month, cost the city nearly $178 million in
fees and expenses for teams of lawyers and consultants,
according to a city court filing on Tuesday.

Jones Day, Detroit’s lead law firm for the biggest-ever
municipal bankruptcy which was filed by the city in July 2013,
billed the most by far, at $57.9 million.

Dec 11, 2014

U.S. municipal bond market shrinks to smallest in five years: Fed

WASHINGTON (Reuters) – The U.S. municipal bond market contracted to $3.63 trillion in the third quarter, the smallest amount of outstanding debt in five years, according to Federal Reserve data released on Thursday.

The total was only slightly less than the second quarter, when all outstanding bonds equaled $3.66 trillion, the Fed’s quarterly report showed.

Dec 11, 2014

U.S. municipal bond market shrinks to smallest in 5 yrs-Fed

WASHINGTON, Dec 11 (Reuters) – The U.S. municipal bond
market contracted to $3.63 trillion in the third quarter, the
smallest amount of outstanding debt in five years, according to
Federal Reserve data released on Thursday.

The total was only slightly less than the second quarter,
when all outstanding bonds equaled $3.66 trillion, the Fed’s
quarterly report showed.

Dec 9, 2014

U.S. states’ revenue growth picks up but still ‘lackluster’ -survey

WASHINGTON, Dec 9 (Reuters) – U.S. states’ revenues are
growing at a faster clip than last year, mostly due to the
brightening national economic picture, and are stabilizing the
governments’ budgets, according to a nationwide survey released
on Tuesday.

“Economic growth and declines in the unemployment rate have
led to an improved outlook for state revenues in fiscal 2015,
but state budgets still face challenges from stagnant wages,”
the National Association of State Budget Officers survey found.