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Moody’s downgraded $31 billion in Puerto Rico public sector bonds citing the reduced outlook for repayment.

Debt restructuring proposals for the Puerto Rico Aqueduct and Sewer Authority’s senior revenue bonds haven't included any reduction in principal.

The commonwealth will also issue GANs and commonwealth transportation fund revenue bonds in November.

The Connecticut Education Association seeks an injunction, calling the governor's executive-order cuts illegal.

The allure of promised savings persuaded most Chicago City Council members.

Moody's has downgraded Puerto Rico's general obligation bonds to Ca from Caa3, due to the protracted economic and revenue disruptions caused by Hurricane Maria.

Recovery from Hurricane Harvey is expected to cost state government about $2 billion over the next two years.

Top-rated municipal bonds ended stronger on Wednesday as new offerings from Texas and California issuers hit traders' screens.

The federal funds rate target should continue rising gradually until reaching its “new normal of 2.5%,” Federal Reserve Bank of San Francisco President John Williams said Wednesday.

The job cuts are permitted under the state’s Municipal Stabilization and Recovery Act, the judge ruled.

Many Federal Reserve policymakers worried about low inflation and some want to feel more confident inflation is moving higher before raising rates again.

Thursday's $24.3 million deal Thursday comes with a low-investment grade rating.

Maintaining that gradual rate hikes remain the best course for the economy, Federal Reserve Bank of Kansas City President Esther George said Wednesday the Federal Open Market Committee “is, by historical standards, meeting the dual mandate.”

Top-rated municipal bonds were stronger at mid-session as action in the primary market heated up.

Puerto Rico faces a government shutdown after the end of the month without an infusion of cash.

The mayor cited high reserves and bond ratings while challengers Nicole Malliotakis and Bo Dietl called his spending reckless.

The municipal bond market is set to see primary action heat up on Wednesday with the pricing of several large deals from issuers in Texas and California.

Federal Reserve Bank of Chicago President Charles Evans said weak inflation in the U.S. may not be entirely due to temporary factors.

Federal Reserve Governor Jerome Powell has canceled plans to speak at an event in Boston on Friday, a move the central bank described as a routine change in schedule.

Top-quality municipal bonds ended stronger on Tuesday, according to traders, who saw the first of the week’s new issues hit the market.