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The decision to release the plan signals a resolve on the part of at least some lawmakers to prioritize infrastructure legislation even though President Trump recently announced he won’t work with top congressional Democrats as long as he’s under investigation by them.
May 31
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Though monthly issuance improved to $27.46 billion, the most this year, it remained 22% below the May 2018 level.
May 31
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The New York MTA is set to issue $50 million of variable rate revenue bonds on Clarity Bidrate Alternative Trading System, highlighting the uptick in usage of variable rate debt.
May 31
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Mayor Lori Lightfoot called on Edward Burke, the former finance committee chair, to resign from city council after new federal corruption indictments.
May 31
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An uptick in inflation may be a sign that Federal Reserve Chair Jerome Powell was right when he said a dip in prices could be brief, allowing patience on rates.
May 31
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The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, fell to 3.74% from 3.75% the week before.
May 30
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The United Methodist Retirement Communities' $18 million sale follows a one notch downgrade by Fitch Ratings to BBB.
May 30
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A large industrial revenue bond issue closed out the primary in a holiday-shortened week for the municipal bond market.
May 30
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State and local governments would be able to issue tax-exempt PABs not subject to state volume caps if at least 95% or more of the net proceeds are used for green infrastructure.
May 30
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A decline in pending home sales and a widening trade deficit suggest growth will slow this year.
May 30
