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Treasurer John Schroder, a Republican, has battled with Louisiana's Democratic governor over the funds for the past two years. He has said he will appeal.

The high court unanimously ruled the Oversight Board members do not need to be confirmed by the U.S. Senate under the Constitution’s Appointments Clause.

Tightening spreads and low yields ended the month as demand for municipal bonds is expected to overwhelm $6 billion in volume heading to the primary.

Bond volume was 4.2% lower than it was a year ago but increased from March and April’s low totals.

Gov. Phil Murphy’s $5 billion emergency bond plan to patch revenue gaps caused by the COVID-19 pandemic faces an uncertain future in the state legislature.

“We crossed a lot of red lines that had not been crossed before,” said Federal Reserve Chairman Jerome Powell.

The Financial Stability Board issued a statement April 2 affirming that it is sticking with plans to transition away from Libor by the end of 2021.

Gov. Tom Wolf is expected to sign five-month, $26 billion spending plan, intended to buy time to measure the hit from the effects of COVID-19.

Dealer groups supported the MSRB's move, saying it would remove a disincentive to use the Fed's short-note program.

A report from a University of Illinois task force examining the impacts of COVID-19 lays out projected job, income, and economic activity losses into next spring.

The transportation agency plans a refinancing to combat lost revenue from steep traffic declines during the COVID-19 pandemic.

When the pandemic ends, the Fed must remove accommodation, unlike after the Great Recession.

The South Carolina Legislature put in place strict oversight of the state-owned utility until they decide whether to sell it.

RBC hires 30-year vet Teri Hartman from Barclays and expects another hire.

Fitch Ratings affirmed its AA rating on the department's water system revenue bonds as it revised their outlook to negative.

Success can't be achieved unless the local government more actively pursues reform, sources say.

The coronvirus pandemic led to economic declines and contacts are unsure how quick recovery will be.

Illinois lawmakers overhauled the proposed Chicago casino tax structure and awarded MPEA more flexibility to deal with its fiscal woes.

Issuers say the Treasury's intent was to open up COVID-19 funds for public safety costs.

GASB has announced that the requirement for the use of GASB 87 standard for lease accounting has been pushed back to fiscal years beginning June 15, 2021.