The Latest

U.S. Treasury Secretary Janet Yellen has told senior White House advisers that she supports reappointing Jerome Powell as Federal Reserve chair, according to people familiar with the matter, a move that greatly increases his chance for a second term.

The MTA budgets 16 months for environmental review of the tolling project for Manhattan's central business district.

Bonds sold for the public facilities sector were up 126.9% year-over-year and environmental facilities sector was up 77.7%.

Despite a slowdown in June, long-term municipal bond volume is ahead of last year's record-breaking pace with more than $231 million in six months.

Municipal bond insurers are seeing the most business since the global financial crisis of 2008 crushed the sector.

Volume was down as state and local government municipalities benefited from federal stimulus aid and increasing tax and revenue receipts.

The honorees of the past are making a big impact in the present.

The regional Fed bank said it was making the move “due to the recently elevated COVID-19 health risk level in Teton County, Wyoming.”

Municipal bonds ended the week unchanged for the sixth consecutive trading session as inflows surged as more than $7 billion is headed to market next week.

Funding would be offered, perhaps for pensions, in exchange for a debt restructuring.