Northeast

The Empire State's general obligation bonds revised to negative from stable by rating agency due to heightened budget risks.

City Council-approved residential construction tax and changes to a property tax abatement program paves the way for a borrowing plan that would aid the city’s poorest communities.

The $1,000 denomination Liberty Bond deal aimed to lure socially conscious, retail investors to broaden its investor base.

The state will use debt service savings from the refunding side of the deal for near-term budget relief; the deal includes its first taxable refunding bonds.

Muni benchmarks were steady while new deals re-priced to lower yields in a tale of two markets. ICI reported more inflows.

The outlook revision to New York's AA GO bond rating marks the latest hit to a city coping with a rise in COVID-19 cases and financial uncertainties.

Uncertainties loom as Mayor Bill de Blasio’s budget team scrambles to craft the balanced fiscal 2022 spending plan he must reveal by late January.

MDOT will pay $250 million in the settlement, but answers to financial questions, including whether more bonding will be needed, have not been revealed.

For the last seven years, he held a similar position for U.S. Rep. Jim Langevin, D-R.I.

Until supply increases, year-end demand has munis outperforming. ICI reports another multi-billion week of inflows.