"I actually think that this was a difficult case for the SEC enforcement division to bring, a close call, on the facts," attorney Andrew Kintzinger said.
Puerto Rico's electric authority, mired in nine-year-old bankruptcy proceedings, is running low on cash and its efforts to reduce outages aren't succeeding.
The previous record was $3.8 billion as part of the Georgia SR-400 Express Lanes project.
After a weak two days, munis are turning around thanks to strength in USTs, said Chad Farrington of DWS.
Municipal bond volume currently stands at $372.991 billion in 2026, up only 0.8% from $370.022 billion at the same time last year.
Tens of thousands of acres have burned in central Oregon and in the Spokane region of eastern Washington.
