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New York City lawmakers spent big on social services. But the budget still leaves the city exposed to cuts by the Trump administration and congressional GOP.
July 14
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Some local governments have begun formal assessments about whether electric services to their communities should be municipalized or whether their existing franchise agreements can be updated in their favor.
July 11
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The negative outlook affects about $1.1 billion in combined GO and lease revenue debt, according to Fitch.
July 11
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As long as the Oversight Board offers virtually nothing to many PREPA bondholders, the bankruptcy is likely to be tied up for years in litigation.
July 10
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"Municipal outperformance against taxable sectors has moved short-term ratios on or through their 252-day moving averages, while intermediate and long maturities are holding at or above average ranges," said Kim Olsan, senior fixed income portfolio manager at NewSquare Capital.
July 9
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Isaak Bond Investments has agreed to pay a $20,000 fine to settle allegations brought by the Financial Industry Regulatory Authority.
July 9
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"I've always really enjoyed what I do," said Henry, who began doing legal work involving municipal securities in 1981.
July 9
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Without the increase U.S. Virgin Islands matching funds bonds would have defaulted in the next few years, some observers said.
July 8
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California local, state and federal officials blasted the Trump administration and congressional GOP for blocking supplemental recovery aid after the wildfires.
July 8
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The markets are waiting for the Federal Open Market Committee to make its next move.
