Business inventories fell 1.0% in July, the 12th straight monthly decline, as sales rose 0.1%, the Commerce Department reported yesterday. The June decline in was revised to a 1.4% drop from a 1.1% decline.
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The public power sector is reacting with concern about the ongoing efforts to reorganize the Federal Emergency Management Agency that's proposing shifting risk and disaster recovery costs onto local utilities.
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California State Controller Malia Cohen released her monthly cash report and announced formation of a new economic advisory council this week.
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Macon-Bibb County, Georgia, plans to issue $350 million of debt for new sports and entertainment arena anchored by a team called the Macon Mayhem.
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Riverside Unified School District scrapped plans to develop a STEM center with the local University of California campus amid a critical state audit report.
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The initial reaction following the CPI report didn't "move the needle" in the bond market, as the 10-year UST yield was just over 4.5%, said Jay Woods, chief market strategist at Freedom Capital Markets.
June 10 -
Illinois Gov. JB Pritzker proposed changes to address his state's underfunded pensions in his budget proposal. Two made it through the legislature.
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