The Chicago Fed National Activity Index for December increased to positive 0.03 while the three-month moving average climbed to negative 0.22 in December, indicating the economy was growing at a level below its historical trend, the Federal Reserve Bank of Chicago reported Thursday.
Unless the state government makes changes to revenue or expenditures Florida faces a combined deficit of $8.1 billion in fiscal years 2027-28 and 2028-29.
Chicago Mayor Brandon Johnson's Financial Future Task Force released an interim report this week on Chicago's structurally imbalanced budget.
The rating agency cited New Jersey's "robust budgetary surplus" while continuing to make actuarially based pension contributions.
By the close, muni yields were bumped up to four basis points, depending on the curve, while UST yields rose two to five basis points.
Walter O'Connor's decades-long tenure as a municipal bond portfolio manager at BlackRock will come to an end next year.
A congressional budget impasse is leading toward a stopgap funding measure via a continuing resolution which could solve a budget shortage in the District of Columbia.
