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The agency's Disaster Recovery Fund has a sufficient balance for the near term but a funding lapse will translate into longer response times to local and state governments, FEMA's associate administrator warned.

"The bond market marked down the odds of rate cuts after the release," said FHN Financial Chief Economist Chris Low. "The fact long yields are still lower than two days ago suggests traders are skeptical of the quality of the employment data but are confident the Fed will use it as a reason to keep rates steady," he said.

Sean Snaith, Director of the Institute for Economic Forecasting at the University of Central Florida, will provide insight into the FOMC meeting.

The state sold the debt in a competitive auction Tuesday morning, with interest rates landing in the low 3% to high 4% range across maturities.

Illinois Gov. JB Pritzker resurrected a 2024 pension proposal that would increase the state's funding goal to 100% by 2048.

Federal grants and loans account for $15 billion of the $16 billion Hudson Tunnels project.

An Oregon senator introduced legislation to create a $600 million Moda Center renovation package involving state, city and county government.

State legislatures are taxing revenue generated by sports gambling, as an estimated $1.76 billion was wagered on the Super Bowl, with even more expected to change hands during the March Madness college basketball tournament.

The downgrade reflects ongoing underperformance in ridership and revenues relative to Kroll's expectations.

New York City is in a challenging and defining time, and Mark Levine, a former City Council member and Manhattan borough president who will deliver a keynote address at The Bond Buyer's National Outlook event this Thursday, will play a key fiscal role.

A Massachusetts bill would authorize special obligation bonds to finance upgrades to the state's public university, school, and college campuses.

The MSRB published the request for comment Nov. 3 to seek input on draft amendments to Rule D-15, which defines the term sophisticated municipal market professional.

A federal court decision enjoins the state from enforcing a 2021 law that penalizes investment banks and others for "boycotting" the fossil fuel industry.

Washington Gov. Bob Ferguson, who has lobbied for a wealth tax, told lawmakers their draft proposal needs work.

"This would be an unnecessary change that would be difficult to administer and comply with and which would severely limit municipal entity choice," the Bond Dealers of America said in a comment letter.

Chicago Mayor Brandon Johnson has chosen Assistant Finance Commissioner Steven Mahr as the city's acting chief financial officer, two sources confirmed.

The government plans to use surplus funds from fiscal years 2022 to 2024 to fund the payments.

Jeff Swiatek joins as CFO as the Texas toll road is looking to invest in the Austin-San Antonio corridor.

Wisconsin Republican Ron Johnson formed a Senate subcommittee to investigate the Los Angeles fires at the request of Sen. Rick Scott, R-Fla.

The Metropolitan Transportation Authority's ability to finish projects on budget will become more crucial as federal, state and economic pressures mount.