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Treasury has targeted the proposed political subdivision rules as burdensome.

Liquidity and pension woes still remain after Illinois enacted its first budget since 2015.

Municipal market participants will get back to work and find their hands full, with $9 billion of new issuance forecast for the primary market.

Newly issued Treasury securities held in stripped form increased about $3.760 billion in April to a total of $249.587 billion, the Bureau of the Public Debt reported Friday.

Bank of America Merrill Lynch used a big second quarter to overtake Citi at the top of the municipal league tables, while Morgan Stanley, RBC Capital Markets and Goldman Sachs moved up in the first half rankings.

Moody's Investors Service said it has placed Chicago's Ba1 general obligation rating under review for possible downgrade.

In its semiannual monetary policy report to Congress, the Federal Reserve Board gave no new insight into its current policy stance, when it might raise rates again or when it would initiate a change to its reinvestment policy.

More than two years after creating a CEO position, the Port Authority hasn't hired one.

Jessica Giroux will replace Bill Daly as NABL's director of government affairs next year.

Massachusetts legislators expect to vote Friday on the final version of a state budget.

Uncertainty surrounding U.S. government policy may be holding back economic growth because of its negative impact on business investment, Federal Reserve Vice Chairman Stanley Fischer said.

The Illinois House overrode Gov. Bruce Rauner's veto to enact the first state budget in two years.

Ohio transit funding got a boost from a veto override.

Hartford, Conn., on the brink of insolvency, hired Greenberg Traurig LLP as restructuring counsel.

SIFMA wants the MSRB to harmonize its rule on account transfers with FINRA's regulation.

Pennsylvania’s budget inaction landed the state on credit watch with negative implications.

Malloy says he's open to revenue bonds

The Massachusetts House speaker urged lawmakers to move on a budget before a marijuana bill.

The Long Island Rail Road is still working out alternatives to Penn Station construction this summer.

Federal investigators are seeking to learn if the Related Group, Miami's biggest developer, lowered costs on an affordable-housing project by hiring subcontractors who failed to pay employment taxes, the Miami Herald has learned.