The Latest

Fitch raised Michigan's general obligation rating one notch to AA-plus.

As passengers return and revenues climb toward pre-pandemic norms, the Port Authority of New York and New Jersey has billions of capital construction on tap at the region's largest airports.

The bank in recent months shuttered its muni proprietary trading unit — which used the firm’s own cash to trade and invest — as part of a push to focus on providing more of its balance sheet to larger, institutional clients, according to people familiar with the matter.

Genesee County and Flint supported the bonds issued to finance construction of a pipeline with the county ultimately on the hook.

Mayor Daniella Levine Cava said her proposed $9.3 billion fiscal 2022-2023 budget, with the tax cut, safeguards the county's fiscal stability and maintains critical services.

Investors pulled $698.782 million out of municipal bond mutual funds, per Refinitiv Lipper data, versus the $206.127 million of inflows the week prior. High-yield saw small inflows.

The ruling means the Puerto Rico government will have $400 million less in its coffers.

Park View School Inc., a charter school operator in Prescott Valley, has filed for bankruptcy following years of financial mismanagement and a lawsuit from the SEC.

The new law kills tolling for the Major Bridge program but allows the P3 contract to remain in place.

Because revenue from riders at the farebox has not recovered as well as the MTA had expected, budget gaps are rising as federal funds are falling.