The Latest

A bill would extend the sunset date of the law allowing local governments to issue pension obligation bonds and OPEB bonds past Dec. 31.

Sen. John Kennedy blasted the Municipal Securities Rulemaking Board during a Senate Banking, Housing and Urban Affairs Committee meeting.

Overall CPI in November posted a flat reading as expected by analysts, but below the 0.3% gain expected by market participants.

Rahm Emanuel will back a constitutional amendment to rein in pension benefits while city pension obligation bonds remain in play on a longer timeline.

Henry Beck, an attorney and former lawmaker tapped as the next Maine treasurer, is focused on maintaining the state’s bond ratings.

The downgrade affects $114 million of debt issued for Good Samaritan Hospital, owned by Knox County, Indiana.

The market absorbed a surge in bond issuance, led by the Dormitory Authority of the State of New York and the Illinois Toll Highway Authority.

Henry Dachowitz, accepting the Midwest award on behalf of the Michigan Finance Authority, said Wayne County avoided bankruptcy and now has a rainy day fund of more than $100 million.

Mike Hall, accepting the Southeast award on behalf of the state of West Virginia, said although the state is often joked about, "Our pension system is strong."

Steve Huser, accepting the Health Care award on behlaf of Advocate Aurora Health, said the $300 million in savings is "Money that we can now use to reinvest in health care delivery."