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The Fitch Ratings upgrade applies only to GO debt — the city's issuer default rating remains AA-plus. The GOs benefit from California’s 2016 statutory lien law.
July 8
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Hawaii lawmakers approved the budget before Treasury guidance banned the use of federal funds for debt payments or reserves.
July 7
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S&P Global Ratings gave California an elevated risk in the environmental category on an ESG scorecard, partly because of wildfire risks.
July 1
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The agreement sets milestones for the project, expected to halve border wait times, to be completed by 2024.
June 28
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Brightline Holdings will wait until 2022 to try again to finance a passenger train to Las Vegas from Southern California with tax-exempt bonds.
June 24
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Under Hawaii's system, the governor, David Ige, signals his intent to veto and then negotiates with lawmakers before making them formal.
June 24
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Following the change, S&P now views all U.S. public finance sectors as stable with the exception of higher education.
June 23
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The coalition wants the final budget signed by Gov. Gavin Newsom to include his broadband proposal, not the Legislature's.
June 21
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The short end of the yield curve faced pressure from a cheaper UST five-year. As the flattening trend in UST takes hold, demand for duration will also spill over into the tax-exempt space, with long-dated munis continuing to outperform, analysts say.
June 18
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Republicans warn about inflation while Democrats celebrate social program expansions.
June 17
