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Jay Clayton's recent testimony to federal lawmakers was "troubling," the dealer group said in a letter to the SEC chairman.

UMB claims the bonds for the Kansas hotel project are in default because the developer failed to secure a $52 million loan required by the bond indenture.

The Bi-State Development Agency, which manages St. Louis public transit, took a two-notch downgrade from S&P Global Ratings over the pandemic's impacts.

The Oversight Board welcomed the decisions and one litigant attorney said they would be appealed.

Yields have essentially remained flat since mid-June as the market has digested new issues well and investors are starved for paper, especially tax-exempts.

The New York/New Jersey agency's issuance of $1.1 billion in taxable notes underscores multi-year revenue challenges it confronts due to the COVID-19 pandemic.

Sen. Chuck Grassley, R-Iowa., said the future needs of issuers are uncertain.

Some participants are afraid that tweaking what they don't like in the law could only make it worse.

Both the June jobs report and newest jobless claims report came in better than expected as the U.S. economy continues to improve.

Transportation officials have spent nearly six years on a Massachusetts Turnpike redesign and an infrastructure merge called the "throat." Time is running short.