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S&P Global Ratings said it affirmed its BBB-minus rating on Illinois' general obligation bonds, and the BB-plus ratings on the state's appropriation-backed debt, which includes Chicago's outstanding motor fuel tax (MFT) revenue bonds.

Unwinding the Federal Reserve’s balance sheet should start “sooner rather than later,” Federal Reserve Bank of Kansas City President Esther George said Wednesday.

All 12 Federal Reserve Districts saw economic growth in June, the Beige Book, released Wednesday indicated.

Top-rated municipal bonds were stronger at mid-session, according to traders, who were seeing another wave of supply hit the market.

Federal Reserve Board Chair Janet Yellen said Wednesday that although the timing of balance sheet normalization beginning “doesn’t matter a great deal,” she would like to see it start “relatively soon.”

Labor market “activity decreased and momentum remained high in June,” as the Federal Reserve Bank of Kansas City Labor Market Conditions Indicators (LMCI) dropped to 0.33 in June from 0.50 in May, according to the Bank.

Gov. Tom Wolf and Pennsylvania lawmakers must still agree on a revenue package

It’s “premature” to decide inflation won’t go back to 2% in the coming years, and the Federal Reserve will alter its course if the inflation undershoot is “persistent,” Federal Reserve Board Chair Janet Yellen said Wednesday.

Municipal bond traders on Wednesday are expecting another wave of supply to hit the market, with large deals coming from a New York and New Jersey issuer.

Federal Reserve Chair Janet Yellen said the U.S. economy should continue to expand over the next few years, allowing the central bank to keep raising interest rates, while also stressing the Fed is monitoring too-low inflation.

S&P Global Ratings dropped Connecticut's capital two notches to junk-level BB.

The New York City Transitional Finance Authority’s $1.01 billion deal was accelerated by a day with the bonds being priced for institutions on Tuesday.

Puerto Rico’s municipal government finances deteriorated in fiscal year 2016 from a year earlier, according to a locally-created study.

Senators from New York and New Jersey want to keep the Gateway Tunnel Project on track.

The threat of a junk bond label took center stage when Illinois lawmakers passed a budget.

Georgia’s economy continues on an upward trajectory, according to Gov. Nathan Deal.

Calling the “normalization of the federal funds rate … well under way,” Federal Reserve Board Governor Lael Brainard said it is almost time for balance sheet run off.

The pricing on the New York City Transitional Finance Authority’s $1.01 billion deal was accelerated by a day as top-quality municipal bonds turned mixed on Tuesday.

Gov. Tom Wolf bought time to pass the bills necessary to fund Pennsylvania's $32.2 billion spending plan.

California June revenues were 2.5% below projections outlined in last year’s budget.