The Latest

The suit by local police pension funds slowed the consolidation process that Gov. J.B. Pritzker touted as helping local governments manage rising pension costs.

Several firms' ability to underwrite municipal bond issues in Texas is under review.

The city has received a notice from the IRS seeking evidence bond proceeds were used on the construction, rehabilitation or repair of public school buildings.

If state and local governments make progress on social problems with federal relief funds, it could be credit positive for them, Moody’s Investors Service said.

Senate Banking Committee Chairman Sherrod Brown said Wednesday that the Senate would wait to confirm President Biden’s Federal Reserve picks until the return of Democrats recovering from the coronavirus.

In a recent survey, just over half of community bankers expressed concern that the central bank will harm the U.S. economy by raising rates too fast in its quest to contain inflation.

Oklahoma is poised to follow in the footsteps of Texas by barring banks from municipal bond deals if deemed to be against firearms and fossil fuel industries.

In the week ending April 13, investors pulled $5.526 billion from the funds, down from $7.227 billion of outflows in the previous week, ICI reported.

The city's share of American Relief Plan Act funds eased fiscal pressures and provides runway for the city to work on a pension funding fix.

The Kentucky Public Transportation Infrastructure Authority wants to sell up to $443.8 million in tax-exempt refunding bonds when market conditions improve.