Markets

Moody's Investors Service cut its rating to A2 from A1.

The state's $920 million GO sale is its first since it adopted a new budget and Moody's raised its rating outlook.

Primary market action kicked off Tuesday as several big deals were offered to municipal bond buyers.

Moody’s cited the Pennsylvania city’s continued reliance on its 2013 utility sale to sustain operations.

Household debt increased by $82 billion in the second quarter, the 16^th quarterly gain in a row, the Federal Reserve Bank of New York reported Tuesday.

New York's City Council approves Hudson Yards financing and regulations on e-hail ride services. Paul Burton and Chip Barnett host.

S&P last week downgraded the transportation authority, citing weak debt-service coverage.

Import prices were flat in July, below the 0.1% reading expected and following a 0.1% decline in June.

The 107.9 reading was a tick away from the record set in July 1983, and was up 0.7 points from June.

An "anemic" first quarter gave way to a much stronger second quarter for the muni market, SIFMA found.