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A 16-year-old bond case reemerged to play a central role in Republican efforts to halt Gov. Phil Murphy’s $9.9 billion borrowing plan.

The Puerto Rico oversight board warned that without restructuring, PREPA faces about $4.5 billion of legacy debt service obligations in the next five years.

Republican Sen. Mitt Romney of Utah said he will vote against Judy Shelton, one of two Trump administration nominees to the Federal Reserve’s Board of Governors.

Municipals finished mostly stronger on Thursday as retail investor confidence remained high for the 11th straight week. Taxable 'social' bonds for nonprofits are making their mark in the municipal space.

Initial jobless claims increased for the first time since March, causing some to worry about the economic recovery.

Market participants say issuer coronavirus disclosures have stagnated due to tax season and issuer fears of future legal ramifications.

More will be clear once the state gets a full tally of receipts from the July 15 tax deadline, but a rocky road lies ahead in any case.

Even with more federal rescue aid, which is hardly a given, the Metropolitan Transportation Authority may have to resort to deficit borrowing.

Having people who are “outside the mainstream” on the Federal Reserve’s Board of Governors won’t create “huge amounts of problems” because they won’t set the path for monetary policy alone, former New York Federal Reserve President William Dudley said.

Federal authorities arrested Ohio House Speaker Larry Householder on charges he took bribes to support legislation that benefited bankrupt FirstEnergy.

With prospects of federal aid waning, an $8 billion revenue gap will leave the the state government and Gov. Andrew Cuomo few attractive options.

Municipals were stronger on the short- and intermediate ends as long maturities held firm in quiet trading on Wednesday.

In a virtual meeting, the board will set its budget, but won't select an incoming class of board members, because of a proposed size change.

The Detroit City Council agreed to put Mayor Mike Duggan's revised $250 milliot bond proposal on the November ballot after nixing his original plan last year.

South Carolina-owned Santee Cooper must pay $200 million to ratepayers and impose a four-year rate freeze to end a suit over a failed nuclear reactor project.

“I absolutely do intend on refilling my complaint,” Andrew Hennigan told The Bond Buyer.

The legal tussle between the Dallas-based private lender and the Chicago-based investment powerhouse continues with defamation and antitrust claims pending in separate courts.

The responses to requests for quotes in the secondary market increased almost doubled in 2018 compared to 2015.

The nominations, essentially along party lines, move to the full Senate.

This is the latest case to involve 'flipping' — improperly allocating bonds meant for retail customers and instead selling them to other market participants — following multiple related actions made by the SEC over the years.