The Latest

Treasury Secretary Janet Yellen said the only solution to avoid a U.S. default crisis is for Congress to increase the federal debt limit, avoiding engaging with other proposed stopgap measures including short-term extensions or spending cuts.

Investors will be greeted Monday with a new-issue calendar estimated at $847 million.

Kelly has twice introduced legislation to broaden private activity bonds.

Miami-Dade County Mayor Daniella Levine Cava unveiled plans to create an authority to fund innovation while Miami City Mayor Francis Suarez focused on the environment and housing affordability.

A California treasurer's conduit approved a $135 million bond-funded grant for Loma Linda University Children's Hospital.

Attorney general William Tong gave the legal stamp of approval to a high profile public-private partnership that came under fire for cost overruns.

Mediation sessions are expected to resume in the coming weeks.

On the buy side, lower interest rates and an extreme imbalance between supply and demand is supporting the municipal market's positive tone, according to JB Golden, executive director and portfolio manager at Advisors Asset Management.

UBS' move this week to cut some banking positions marked a reversal of its five-year growth trend as the bank rebooted its municipal underwriting business.

A number of states are taking aim at tax reductions, though some experts view the move as misguided policy.