The Latest

Christian Sobrino Vega takes over directorship of the agency in charge of debt restructuring from Gerardo Portelo Franco,

The board has identified more than 110 out of 490 local units of government as having an underfunded pension plan or retirement health care plan — or both.

Federal Reserve officials left the benchmark interest rate unchanged while reiterating their plan to gradually lift borrowing costs to keep the economy expanding at a healthy pace.

Strong economic conditions drove municipal sales tax collection across New York to its highest first-half increase in eight years.

City officials are concerned the plan will overshadow other bond measures on the November ballot.

CFO Carole Brown says the Windy City is being shortchanged in terms of ratings and yields.

While the ruling wasn't a total victory for Wells Fargo or banker Peter Cannava, the court's decision grants them three more months of preparation in their fight against the SEC.

In the competitive arena, Maryland sold two deals totaling over $500 million on Wednesday.

The dispute centers on whether money earmarked for land acquisition can be used for overhead such as salaries and benefits, and administrative costs.

Construction spending fell by 1.1% in June, below the 0.2% gain expected.