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Chicago can't shake pension strains, CPS mess, and state dysfunction as it shows off economic and fiscal strides.

State-backed bonds will replace PABs that were headed for default as Indiana takes over a road project that's become a poster child for P3 woes.

Moody’s projects more utility privatizations as local issuers look to cope with financial distress and sidestep maintenance and compliance costs.

Builders’ confidence in the market for new single-family homes increased as the National Association of Home Builders' housing market index rose to 68 in August from 64 in July.

The Empire State Manufacturing Survey showed "business activity grew strongly in New York State," the Federal Reserve Bank of New York reported Tuesday, as the general business conditions index soared to 25.2 in August from 9.8 in July.

Federal Reserve Bank of New York President William Dudley said former Goldman Sachs executive Gary Cohn was a “reasonable candidate” for the job of Fed chief.

State officials say they are prepared for increased pressure on its $10 billion general fund.

The city council unanimously approved a for the city to host the games in 2028.

Federal Reserve Bank of New York President William Dudley said it isn’t unreasonable to expect the central bank to announce plans in September to start trimming its balance sheet and said he supports another interest-rate increase this year if the economy evolves as he expects.

The governor wants an amendment requiring a supermajority vote of lawmakers to raise taxes and fees.

The Democratic majority wants to override the changes Republican Gov. Bruce Rauner made to its school funding package.

Federal Judge Juan Sánchez acknowledged the complexity of the case.

A new measure of the natural rate of unemployment implies “the elimination of labor market slack,” according to an Economic Letter published Monday.

Consumers’ inflation expectations held for one-year, but dipped for the three-year horizon, according to the July Survey of Consumer Expectations, released by the Federal Reserve Bank of New York on Monday.

Municipal bond traders will be gearing up on Monday to see this week’s $6.7 billion new issue calendar, which will get started in earnest on Tuesday.

CPS needs the city and state to deliver more than $500 million to balance its books for 2017-2018.

The South Carolina agency says the rate increases are unneeded even with $7.7 billion of bonds to support.

Primary municipal bond market volume is expected to increase to $6.7 billion.

The restructuring deal for the Government Development Bank applies to $4.8 billion of debt.

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