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President Donald Trump is leaning toward appointing Federal Reserve Governor Jerome Powell to be the next chairman of the Fed, according to three people familiar with the matter.

The markets have a good idea where rates will be at yearend, but who will head the Federal Reserve remains an open question, raising many concerns about the central bank’s future direction.

State-related and other schools are taking a good, hard look at their business models.

Municipals bonds are little changed in early activity as the market eyes next week’s new issue calendar, which is topped by big offerings from Virginia and Maryland Issuers.

Fitch returned the South Carolina-owned utility's outlook to stable due to cancellation of the nuclear reactor project.

Legislative leaders say the move will plug a $2.2 billion budget shortage and end a nearly five-month budget impasse.

Market participants think the SEC will narrow its proposal to add event notices under Rule 15c2-12.

The Illinois Senate will attempt to override a veto of the Debt Transparency Act next month.

The city has amassed more than $95 billion in other post-employment obligations without any credible plan to pay it off, the report says.

Chicago Public Schools says its books are balanced while also saying it needs more than $1 billion of short-term borrowing.

Gov. Ricardo Rosselló called the board’s appointment of Noel Zamot illegal and said the Puerto Rico government would challenge it.

Municipal bond veteran Paula Dagen will join the Northeast public finance group.

Manufacturing activity in the Federal Reserve Bank of Kansas City's region "posted strong growth and expectations about future activity improved further."

The House and Senate actions place the ball in the court of Gov. Dannel Malloy, who was sidelined during the negotiations.

Pending home sales remained at an index reading of 106.0 in September, after a revision to August’s level.

Judge Laura Taylor Swain promised to release Wednesday a consensus-based order on the legal status of Puerto Rico’s post-hurricane federal aid.

Illinois will use the proceeds to pay down some of its $16 billion unpaid bill backlog.

Municipal bonds finished weaker on Wednesday as Illinois came to market with $4.5 billion of general obligation bonds, the biggest tax-exempt deal of the year.

President Donald Trump does not intend to appoint National Economic Council Director Gary Cohn to lead the Federal Reserve, three people familiar with the matter said.

New Jersey's long track record of aiding distressed municipalities continues, according to S&P Global Ratings credit analyst Timothy Little.