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.
Municipal Market analytics hired Marvis Gutierrez in response to growing demand for the firm's services and plans to keep hiring.
Investors sued after the fund's sudden June selloff.
Legislators and transit groups are pushing to get transit reform across the finish line this month, lawmakers and stakeholders said Friday.
As the technical picture tends to turn "more favorable" during November and December, Birch Creek strategists believe "the wider new issue concessions brought about via the heavy new issue calendar will likely be rewarded."
A six-notch downgrade gives the financially troubled city a non-investment grade rating of BB-plus with a negative outlook.
California Gov. Gavin Newsom signed legislation that will place a regional sales tax measure on the November 2026 ballot to aid struggling transit agencies.
