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Construction spending was flat in January, falling short of the expected 0.3% gain.

According to the ISM's monthly report on business, the ISM index increased to 60.8 in February from 59.1 in January.

Initial claims U.S. state unemployment benefits fell by 10,000 to 210,000 in the February 24 holiday week.

Personal income rose 0.4% in January, while nominal PCE was up 0.2% and the core PCE price index rose 0.3% in the month.

Rick Witte, former head of public finance for Andrews Kurth Kenyon, is among those making the move from that firm.

The 29% tax exposure rate is up for a readjustment because the new tax bill slashed the corporate tax rate to 21% from 35% and also lowered individual tax rates.

Improved reserves led Moody's to raise the county one notch to A3.

Municipal bond buyers welcomed several big deals on Wednesday as demand outpaced new bond supply.

Chicago is seeking $4 billion in initial borrowing authority to launch its overhaul of the airport's terminals.

The light month for long-term municipal bond volume is another ripple effect of the new tax law and the issuance rush leading up to its enactment.