Organization Root Tag

New York City’s actual pension liability stands at $142 billion according to the Manhattan Institute.

Gov. Andrew Cuomo advanced legislation to give New York State majority control of the Metropolitan Transportation Authority.

A Hawaii special session was called to close the Honolulu rail transit funding shortfall.

Enforcement actions are generally terminated when firms have remedied underlying problems.

Municipal bonds ended steady on Tuesday as billions of dollars in new supply hit traders' screens, led by competitive bond deals from the states of Georgia and Massachusetts and Chicago's O'Hare airport.

Debt service on Illinois bonds “will not be delayed or diminished,” the comptroller said.

Puerto Rico’s employment indicators were mixed in May compared to April and to May 2016.

The municipal bond market saw billions in new supply hit the screens on Tuesday, led by big competitive bond deals from the states of Georgia and Massachusetts and a competitive note sale from a New York issuer. Municipal bond prices were steady in quiet trading at mid-session.

A remark by Gov. Andrew Cuomo could reinvigorate discussion about New York City congestion pricing.

While he would prefer if Congress raised Treasury's borrowing limit before its August break, Treasury Secretary Steven Mnuchin said in a televised interview, even if a deal is not reached, the government will be "fine" until they return in September.

The Chicago Public Schools paid a punishing yield on short-term state grant anticipation notes.

Unfunded liabilities will still pester Pennsylvania, Moody's says

Municipal bond traders are getting ready to see lots of new deals hit the market on Tuesday, with several large competitive sales coming from issuers in Georgia and Massachusetts.

The region's non-manufacturing sector “continued to expand,” at a faster pace, as the general business conditions index increased to 33.6 in June from 25.6 in May, this month's Federal Reserve Bank of Philadelphia Report on Business, released Tuesday, indicates.

Low interest rates raise issues about financial stability and policymakers must take heed, Federal Reserve Bank of Boston President Eric Rosengren said Tuesday.

Federal Reserve officials need to show a commitment to reaching their goal on inflation, which has generally been running below target since the financial crisis, Chicago Fed President Charles Evans said.

Federal Reserve Vice Chairman Stanley Fischer said a long period of low interest rates may have contributed to “high and rising” home prices in several countries, cautioning against forgetting the lessons of the 2007-09 housing crisis.

Municipal bonds finished unchanged on Monday as a big New York City deal was offered to retail buyers.

Chicago enters the market with $825 million of new money and refunding O'Hare airport revenue bonds.

The MSRB gave participants guidance on complaint processes by releasing codes for recordkeeping.