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The Division of the Budget said escalating Medicaid costs are the main reason for the projected shortfall.

Analysts are not convinced the Fed's mid-cycle adjustment will deliver the elusive soft landing.

A closer examination of what’s really being offered by open symbology initiatives reveals some deep flaws in that pitch.

Federal investigators levied a $1.6 million fine on Dannenbaum Engineering, which will reorganize under a plea deal. It has worked on bond-funded projects.

The market won't see a lot in the way of supply in this holiday-shortened week, but what there is coming to market will be of the higher-grade variety.

Sound Transit says it can continue to collect taxes approved by its own voters in 2016 until bonds it backs are repaid.

A successful closing on the unrated deal was needed to make payments on short-term notes due on Dec. 31.

The municipal market will get a pause from the breakneck issuance, as things will slow down for Thanksgiving but should pick up right where they left off the first week of December.

Separately, the island's economic activity index fell on a year-over-over basis for the fourth straight month.

In 2012 John Cross became the first person to head the independent Office of Municipal Securities at the U.S. Securities and Exchange Commission.