Tuesday's front-page story on New York's Metropolitan Transportation Authority incorrectly stated the status of an amendment to increase capital spending in the MTA's 2005-2009 capital plan. The finance committee will vote on the amendment next month, and if it is approved, the MTA board will vote on it as well.
The authority's borrowing apparatus is maintaining a business-as-usual approach it embarks on a massive new capital program and fends off federal cuts.
Cook County, Illinois, plans to go to market Oct. 1 with $150 million of sales tax revenue bonds. The deal comes on the heels of a Moody's upgrade to Aa3.
Fitch cited improved long-term liability metrics.
Tax-exempt munis, supported by USTs, are having a very good month as MMD yields are down 30 to 35 basis points out long, and both the investment-grade and high-yield indices are seeing gains of more than 2% month-to-date, Barclays strategists led by Mikhail Foux said.
The medal recognizes distinguished service in public finance overall.
California's governor and legislative leaders agreed to extend the state's cap-and-trade program and dedicate one-fourth of the funding to high-speed rail.
