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Gov. Andrew Cuomo on Thursday commissioned a "less invasive" alternative to New York's nearly $500 million Canarsie Tunnel repair project.

A federal judge struck down New York State's newly enacted opioid tax, creating a potential budgetary challenge for the state as Gov. Andrew Cuomo gears up to unveil his next fiscal plan.

The economy and several pending court cases may also determine the progress of the historic debt restructuring in 2019.

Lawmakers are under pressure to fix the state's severely unfunded pension obligations.

Revenue from taxes on legal marijuana has not reached the point of being able to support bonds, industry observers say.

Only five priorities remain on the Treasury and IRS work plan in 2019 for the municipal bond market.

Bond traders are showing little sign of stepping back from their fight with the Federal Reserve over the path of interest rates and the market is now positioned for cuts on the horizon.

As equities traded lower, municipal bonds rallied along with Treasuries on Thursday.

The overall economy grew for the 116th straight time, the Institute for Supply Management reported Thursday.

Federal Reserve Bank of Dallas President Robert Kaplan said the U.S. central bank should put interest rates on hold as it waits to see how uncertainties about global growth, weakness in interest-sensitive industries and tighter financial conditions play out.