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New Jersey Senate Republican Leader Tom Kean, R- Westfield, has opted to not stand in the way of the state’s $3.2 billion tobacco refunding bond deal two days after calling for the large transaction to be canceled.

The federal government ran a $208.7 billion deficit in March, the Treasury Department reported Wednesday.

Municipal bonds were stronger on Wednesday as new deals from New York City and Clark County, Nev., came to market.

A measure of underlying U.S. inflation accelerated to the highest in a year as a drag from mobile-phone costs faded, bearing out the Federal Reserve's forecast for a pickup in price gains.

A New Jersey lawmaker is seeking to cancel the state’s $3.2 billion tobacco refunding bond deal, saying the transaction was unconstitutional.

The old saw that rising rates are bad for bonds may not really be the case, one new report says.

Illinois lawmakers returned to work this week with less than two months to settle on a budget.

Despite the previous technical difficulties of supply and demand, municipals are poised for a potentially stronger second quarter, according to Jeffrey Lipton, managing director of credit research at Oppenheimer & Co.

Wholesale inventories rose 1.0% in February, while wholesale sales rose 1.0% in the month.

Small business optimism retreated from its 35-year high in February, but remains among the highest in survey history, the National Federation of Independent Business said Tuesday.