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CIty Council members delayed voting on a proposal by the city’s mayor that would extend the contract for 30-years.

The Illinois House on Sunday sent a budget plan back to the Senate with action needed to avert historic fall to junk.

The municipal bond market was quiet on Monday ahead an early close to trading and Tuesday’s full close for the Fourth of July holiday.

Baker, lawmakers must hash out FY18 plan

Chicago Public Schools sent $467 million to the teachers' pension fund as required Friday.

The Illinois House speaker, citing progress, asked rating agencies to hold off on negative action.

The five year municipal default rate since 2007 is twice the average since 1970, though it's still a fraction of the default rate on corporate bonds.

A skeletal $32 billion fiscal 2018 Pennsylvania budget was scheduled to make its way through the Senate.

Top shelf municipal bonds were unchanged at mid-session as traders prepared for next week’s almost non-existent new issue calendar. Ipreo estimates volume at $130.4 million, down from a revised total of $6.02 billion sold this week, according to updated data from Thomson Reuters.

Barring a dramatic turn of events, Connecticut will miss its midnight budget deadline.

The Indiana Finance Authority approved its takeover of a struggling highway public-private partnership.

New Jersey Gov. Chris Christie is preparing for a government shutdown amid a budget impasse with lawmakers.

Troubleshooter Joe Lhota, back as chair of New York's MTA, has no shortage of challenges.

The move follows the board’s decision to reject a Restructuring Support Agreement developed over three years between Puerto Rico Electric Power Authority and its creditors.

Municipal bond traders are preparing for next week’s almost non-existent new issue calendar as they get ready for the upcoming Fourth of July holiday.

Illinois is staring at a historic fall into junk territory if lawmakers can't compromise.

The Midwest Economy Index declined to 0.51 in May from 0.72 in April, the Federal Reserve Bank of Chicago said Friday.

The Federal Reserve will release the report early to allow it to be reviewed by Congress and the public before testimony.

Illinois Senate Republican Leader Christine Radogno will resign from the legislature Saturday.

Puerto Rico's first mediation meeting in its Title III bankruptcy case will take place on July 12.