The Latest

Texas forecasts a record $32.7 billion budget surplus as a surge in sales taxes boosts the state government's revenue by billions above earlier estimates.

Gov. Henry McMaster wants to fuel capital development while avoiding new debt and is asking lawmakers to approve billions in one-time allocations.

This week's "manageable" calendar will continue what has been a quiet start to the new year in the municipal market, according to John Mousseau, president and chief executive officer and director of fixed income at Cumberland Advisors.

Significantly fewer households expected to be in worse shape in the coming year than was the case last summer, according to a December survey. The results are a positive sign for banks at the start of earnings season.

Illinois Gov. J.B. Pritzker signed legislation sending a portion of the state's surplus to the budget stabilization fund and raising the target balance.

Most recently a California deputy treasurer, Schaefer was a trader, a banker and advisor with a deep legacy as a municipal bond market expert and mentor.

Small businesses that are certified to work for either Chicago or Philadelphia's transit agency will now be able to work for the partner agency as well.

Esther George, the president of the Federal Reserve Bank of Kansas City, is retiring later this month. What's taking the bank so long to find a successor?

She joins the recent additions of Steve Bolden, Jani Lotz and Justin Mapes in Dallas to bolster the firm's Texas presence.

Certain Puerto Rico issuers with over $5 billion outstanding continue paying bondholders in full and on time.