Friday's story about Investment Grade Municipal Income Fund Inc. mischaracterized a proposal that failed to command enough shareholder votes. The proposal was for a new management contract with UBS Global Asset Management as adviser, not to renew the existing contract. The fund's board has the right to retain UBS as adviser even if the proposal to modify the contract failed.
The $12.78 billion fiscal 2027 budget agreement unveiled by Republican officials comes as lawmakers prepare for looming federal Medicaid funding cuts.
A presidential address does nothing to quell the price of crude oil as states are now calculating the effects of rising fuel prices on their tax revenues.
Divisions are emerging among Missouri lawmakers over the $50.3 billion fiscal 2027 budget the House passed last Tuesday.
Judge Laura Taylor Swain is allowing the continued examination of a count in which a trustee is challenging fees, and some proceeds, of pre-bankruptcy bonds.
Wednesday saw the third consecutive day of falling muni yields, suggesting the market is recovering from last week's selloff. The market is well-positioned for "a strong snapback," according to James Pruskowski, managing director at Hennion & Walsh Asset Management.
Moody's assigned its first-ever rating to munis backed by bitcoin ahead of a deal in New Hampshire.
