The Latest

State's fiscal outlook dependent on governor-elect Newsom's management style.

A planned elimination of variable-rate debt exposure and termination of outstanding swaps lifted the bi-state transportation agency's rating outlook.

Puerto Rico credit unions say that the disclosure fails to provide concrete numbers on how bonds will be restructured.

Amid a volatile equity market landscape, municipal bonds remained strong.

The state's backlog of unpaid bills could skyrocket to $23.7 billion without budget changes, said a new report from Gov. Bruce Rauner's administration.

Connecticut Municipal Electric Energy Cooperative officials allegedly used CMEEC funds for lavish trips to the Kentucky Derby and a luxury golf resort in West Virginia.

Treasurer Denise Nappier said a lottery revenue infusion and asset transfers could pump $3 billion into the Teachers' Retirement Fund.

Dave Brayshaw, a 26-year veteran with Hilltop Securities/First Southwest Co., will open a Dallas office for Masterson Advisors.

Gov.-elect Laura Kelly will enjoy rising revenues and prospects for Medicaid expansion but still faces a GOP-dominated legislature.

The U.S. central bank will stick with its campaign of gradual interest-rate increases, said Federal Reserve Bank of New York President John Williams.