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A panel that includes public finance professionals is tasked with finding fiscal and operational solutions for the transit systems, which face a fiscal cliff.

New York State Comptroller Thomas DiNapoli talks with Chip Barnett about his proposal for an amendment to the state constitution to limit backdoor borrowing by agencies and give voters a bigger say on bond issuance. (25 minutes)

A controversial $5 billion bond-financed extension project spurred several bills that would alter the Oklahoma Turnpike Authority's debt and other practices.

The taxable bonds, which finally received state approval, will be offered with maturities in 2033 and 2039.

Investors will be greeted Monday with a new-issue calendar estimated at $3.603 billion.

"As we spoke with our underwriting partners and our municipal advisors, given [market] volatility, we shortened that retail order period to one day," says OMB's David Womack.

The largest of the three tranches is the $75 million Series 79-A, which are tax-exempt and carry a social bonds designation not verified by an outside party.

Gov. Greg Abbott used his State of the State address to fast track his priorities for the legislative session and drop a hint about an upcoming $100 billion transportation infrastructure plan.

It's the latest in a series of so far unsuccessful bills that have targeted federal tax exemptions for debt-financed professional sports arenas.

Two of the Federal Reserve board's seven governors abstained from supporting the selection of former Obama aide Austan Goolsbee to become president of the Chicago Fed, according to a record of the vote.