Chicago Transit Authority working on new FA/underwriting pools

Advisors and underwriters have until next week to submit their qualifications to work on Chicago Transit Authority financings as the agency embarks on a major train line extension and hunts for solutions to a looming fiscal cliff. The CTA asks broker-dealers to describe financing ideas to "address the CTA's operating or capital funding needs in the most economically efficient manner possible.”

?

Check out our latest Rising Stars and the inaugural class of Muni Hall of Famers.

The controversial new federal law requiring cities and states to standardize their disclosure raises a bevy of questions that market participants and regulators will need to answer to pave the way for implementation. That's the message from Ernesto Lanza of Ballard Spahr, who wrote a white paper on the newly passed Financial Data Transparency Act along with the firm's Teri Guarnaccia and Kimberly Magrini. "The ability to collect data in a structured way makes a lot of sense, but it's going to be an interesting journey to get to something that works," Lanza said.

?

?

Click here for our coverage of the midterm elections.

?

Fiery U.S. Rep. Jason Smith was given the nod to lead the crucial tax policy-writing House Committee on Ways and Means via a secret ballot vote on Monday. The 42-year-old Republican from rural Missouri emerged the winner in an upset over the more senior Vern Buchanan of Florida and Adrian Smith of Nebraska. The results of the battle portend a GOP focus on partisian warfare and ad hominem attacks in the new Congress.

?

?

If you missed any of our ESG Week coverage, make sure to check our ESG special section which has all the articles, the podcast and a taped version of the Leaders event.

In the latest Bond Buyer podcast, Christopher Thornberg, founder of Beacon Economics, and Marc Joffe, a senior policy analyst at Cato Institute, drill down into the economic health of the San Francisco Bay Area amid widely-reported tech industry layoffs.

?

?

Registration is open for The Bond Buyer’s National Outlook conference Feb. 2 in New York.?

With inflation eroding real earnings, members of Puerto Rico's House of Representatives want to add an inflation adjustment formula to the territory’s income tax rates and other tax adjustments like deductions and exemptions.

?

?

?

Watch the acceptance speeches and look at some of the photos from our Deal of the Year event in New York City.?

Despite a weaker Treasury market Tuesday, municipal bonds were firm, strengthened by a “very light” new issue calendar of less than $5 billion for the second week of the year.

?

?

Sign up here to receive The Bond Buyer's complete newsletter — delivered to your inbox daily.