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Illinois is asking state justices to resolve efforts to challenge $14 billion of outstanding general obligation bonds.

S&P said the upgrade reflected the stability and resiliency of pledge revenues while it also looked closely at environmental, social and governance factors.

The employment report showed 140,000 decline in nonfarm payrolls in December, but economists found some positives in the numbers.

Transcripts of the Federal Reserve’s 2015 policy meetings show that then-Fed Chair Janet Yellen acknowledged that the Fed should sacrifice potential job gains in order to cut off the possibility of higher inflation.

Despite a fiscal blow, Oklahoma landed in a better position than many expected, the treasurer says.

The state will sell $182.2 million of highly rated general obligation bonds in three separate offerings.

Even with the November increase, General Fund Revenues collected from July to November were 5% below those of 2019.

A judge said that the lawsuit filed on behalf of California accusing major banks of colluding to inflate VRDO interest rates did not allege the means of the conspiracy.

Federal Reserve officials shouldn’t intervene to slow rising bond yields because that is expected to happen as the U.S. economy recovers, said Federal Reserve Bank of Dallas President Robert Kaplan.

While COVID-19 ravaged, state and local governments and their agencies sold record bond volume, propping up their budgets and the industry.