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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.

The shift means that lease-revenue bonds supporting federal leases will no longer be notched off the federal government’s rating.

Fitch revised Illinois' outlook to positive but the rating remains BBB-minus, the lowest investment grade.

The U.S. economy will likely meet the Federal Reserve’s threshold for tapering its asset purchases sooner than people think, said Dallas Fed President Robert Kaplan, who has penciled in an interest-rate increase next year.

Federal Reserve Bank of Atlanta President Raphael Bostic said the central bank could decide to slow its asset purchases in the next few months and he favored lifting interest rates in 2022 in response to a faster-than expected recovery from COVID-19 pandemic.

Following the change, S&P now views all U.S. public finance sectors as stable with the exception of higher education.

Triple-A benchmark yields moved higher by as much as five basis points while ICI reported another $1.8 billion of inflows and ETFs increase their share by $841 million.

As infrastructure talks unfold in Washington, the likelihood of higher taxes may be waning, at least in the short run.

The board set a noon Thursday deadline for repeal of Act 7, otherwise it will seek a legal remedy.

Governor expected to call for more crackdowns on voting, teaching of race theory in public schools.