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Watching for the “risks of excessive optimism, leverage, and maturity transformation” can limit future financial crises, Federal Reserve Chair Janet Yellen said Friday.

Despite recent softness in economic data, especially inflation numbers, the Federal Reserve should continue to tighten monetary policy, Federal Reserve Bank of Cleveland President Loretta Mester said in a televised interview Friday.

The school board will vote amid new optimism about state funding.

Puerto Rico Gov. Ricardo Rosselló signed a negotiated debt restructuring deal for the Government Development Bank Thursday, affecting $4.1 billion in bond debt.

Puerto Rico will get at least $112 million from the federal government for road projects starting this fall.

Illinois is putting the ratings of some already strained school districts at risk, said S&P Global Ratings.

The firm and its officials changed a city's existing disclosure agreement without telling investors.

The mayor touted his millionaire's tax while his Democratic challenger backs congestion pricing.

Primary market volume in California and the Far West region rose in the first half even as the national figure was down.

Manufacturing activity in the Federal Reserve Bank of Kansas City's region "expanded at a faster pace and expectations remained solid" in August, according to the bank's monthly manufacturing survey, released Thursday.

Federal Reserve Bank of Kansas City President Esther George said if U.S. economic data hold up, there will probably be an opportunity to raise interest rates again in 2017.

They are also trying to hash out a final state budget deal.

With Illinois school aid still in limbo, there is talk of compromise ahead of a veto override vote next week.

MSRB wants to fine-tune data it gets on municipal fund securities to be able to better compare it.

The senator advocated an aid package for Atlantic City.

The parties would have been more leniently treated if they reported failures under MCDC.

Top-rated municipal bonds were stronger at mid-session, according to traders, as market prepared to see some supply hit the screens, led off by issuers in Indiana and Florida.

Regional bond issuance slipped by 31% in the first half and volume was down sharply in Florida.

The need to close a widening deficit and backstop Hartford could pressure other cities and school districts.

The municipal bond market is prepped to see some supply hit the screens on Wednesday, led off by issuers in Indiana and Florida.