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The rule amendments would create an exemption for previously qualified municipal advisors to forego requalification after a lapse in working for a municipal advisor.

The group of banks would pay $68 million to settle the lawsuit, which originally estimated damages at $340 million.

The FOMB needs to return to its "deal mindset" so that we can end the bankruptcy at PREPA. While gaps remain between the FOMB's and bondholders' affordability analyses, they are not insurmountable.

The IFA and CWA launched a tender offer June 23 that closed Friday. The IFA and Citizens' tender invited holders of some bonds sold in 2014, 2016, and 2018 to tender their bonds as part of the water refunding.  

The preliminary approval was granted in a New Jersey federal court.

After months of feuding on how to deliver a massive property tax cut, lawmakers finally passed legislation for an $18 billion package.

Proceeds from the sale will be used to fund infrastructure projects in the city's $164.8 billion 10-year capital plan.

Federal Reserve Bank of St. Louis President James Bullard, who called for aggressive interest-rate hikes to fight the recent inflation surge, resigned after 15 years in the position to become dean of a university business school.

The SEC has adopted amendments that will increase minimum liquidity requirements, among other features but will only affect the muni market on the margins.

"The bond market finally got the relief from inflation it was hoping for," said Bryce Doty, senior vice president and senior portfolio manager at Sit Investment Associates. 

The plaintiff that brought the case on behalf of the state says the banks inflated interest rates through a private, invitation-only VRDO index that influenced SIFMA's weekly index.

Escalating costs, particularly for wages, could strain budgets or drain reserves, the rating agency said.

The May economic activity index showed an increase.

The ruling striking down affirmative action may bring a fresh headwind to the higher education space, which already faces soft enrollment trends.

Facing revenue shortfalls, funding for Gov. Gavin Newsom's zero-emission efforts had been put on a waiting list.

Legislative leaders said they agreed to an $18 billion package that includes a reduction in school property taxes and a higher homestead exemption.

Vern Breland has been permanently barred from participating in any municipal securities issuance after he and the city's municipal advisor were charged with misleading investors on two offerings.

New York State Comptroller Thomas DiNapoli urged state agencies to do more to protect water systems from cyberattacks as Moody's Investors Service said cyber risks pose challenges to municipalities across the United States.

Several guideposts have also already been offered as Mayor Brandon Johnson must balance his campaign pledges on funding new investments and structurally balancing the budget while holding the line on property taxes as the city deals with crime, rising costs, and end of federal COVID-19 funds.

The money is to help AES-Puerto Rico continue to provide PREPA with electricity.