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The bill would exempt lead service line replacement projects from the IRS' private business use test.

The action follows an upgrade for the sole purchaser of its power.

The state of Maryland is going to market on Wednesday by selling $1.56 billion of general obligation bonds, which will be the first major sale since the state absorbed a credit downgrade from Moody's.

Whether PREPA can pay the administrative expense claim doesn't affect its validity, the bond parties said.

Armed with higher ratings since its last sale four years ago, the city is set to return to the market with a bang. 

The MSRB's decision to rescind the one-minute trade reporting deadline "comes after months of dialogue and engagement with market participants," MSRB President and CEO Mark Kim said.

Chicago is facing myriad headwinds. But its GO bond sale last week was oversubscribed and city officials said that allowed them to lower yields in repricing.

Observers say a bankruptcy by Genera PR could complicate the PREPA bankruptcy.

The U.S. economy added 139,000 jobs, a healthy clip that counters the president's calls for a rate cut to bolster the labor market.

Ahead of a 14-3 vote to pass the $7 billion spending plan, concerns were raised about new legislation affecting the city's public safety pension funds.