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The bankruptcy process could take 18 to 36 months to sort out, one municipal analyst said.

Former U.S. Federal Reserve Chair Janet Yellen made a paid appearance at a forum hosted by Jefferies Group where she said she expects three to four interest-rate increases this year, Reuters reported.

Municipals were trading in sympathy with Treasuries on Thursday morning as the market remained quiet as it prepared for the week’s end.

Federal Reserve Bank of Atlanta President Raphael Bostic sees a buoyant U.S. economy lifting inflation to the central bank’s 2% target “sometime in the next quarter or two” but said he doesn’t think this should prompt the central bank to choke off the expansion.

School of the Osage succeeded in getting voter approval for $23 million bond issue that district officials say will impact every grade level and develop a cutting edge preschool program.

The project requires the passage of a $120 million bond proposal that will be decided by voters April 24.

The number of people being pushed into homelessness continues to outpace efforts to help them.

Bill Glasgall, senior vice president at the Volcker Alliance, and Sarah Swanbeck, from the University of California at Berkeley, discuss how the state of California became the comeback kid in finances. What is the state doing right with its budget? Where do its finances need improvement? And what’s the outlook for the state going forward? Chip Barnett hosts.

Initial jobless claims rose by 24,000 to 242,000 in the March 31 week, well above the 225,000 level expected.

The U.S. international trade gap widened to $57.6 billion in February, a wider gap than the $56.7 billion deficit expected and the largest since October 2008.