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To make sure Puerto Rico’s government only spends on what it believes to be necessary, it has instituted a 5% spending freeze on its departments.

Illinois Gov. Bruce Rauner reshaped a school funding bill Tuesday, cutting CPS' piece of the pie.

The Puerto Rico Oversight Board recommended shifting federal funding to an earned income tax credit from welfare programs on the island.

The Securities and Exchange Commission is investigating whether a municipal advisor for Babylon, N.Y. bond financings had a conflict of interest and violated his fiduciary duty by also owning a company that provided the town with workers.

One of Kevin O'Toole and Rick Cotton's priorities as chairman and executive director will be to restart the search for a chief executive officer.

The Lombard, Ill. Public Facilities Corp. is seeking to restructure its $190 million of now defaulted debt.

Chicago heads into 2018 budget season with a $114 million hole to fill.

As the number of casinos continues to rise across the mid-Atlantic and New England regions, the industry boom could result in increased risk for those states, according to a report released Monday by S&P Global Ratings.

Municipal bond volume ended the month of July down 20% as refundings plummeted.

Halting the work is expected to save customers nearly $7 billion in additional costs, the state-run agency known as Santee Cooper told bondholders.

Cook County can begin collecting a beverage tax that is expected to generate $200 million annually.

How far off could economic estimates be in Puerto Rico? The truth is that nobody knows.

The New York City Transitional Finance Authority will competitively sell $1.35 billion of Fiscal 2018 Series A future tax secured tax-exempt and taxable subordinate bonds and about $162 million of Fiscal 2018 Series 1 fixed-rate tax-exempts on Aug. 8.

Primary municipal bond market volume is set to rebound to a more normal level in the coming week, bringing traders a variety of offerings.

South Carolina and Georgia nuclear reactor owners inked deals supporting the projects, though they’re still deciding whether to complete them.

Muni market participants will have more time to prepare for customer account transfer changes.

The rating agency said it doesn’t expect the budget to directly result in any local government rating changes, though school districts remain vulnerable to a possible impasse over funding.

MSRB to issue concept release seeking input on whether primary offering rule changes are needed.

Top shelf municipal bonds were steady at mid-session, according to traders, who were looking ahead to next week’s new issue slate.

Lacking a new revenue source, the agency that runs New York City's subway may add to its $38 billion of debt.