Organization Root Tag

Judge Swain has ordered an end to the stay on open litigation of pension bond issues.

Wall Street had its most profitable first half in a decade; the second half remains uncertain.

The Municipal Securities Rulemaking Board plans a review after pressure from Sens. John Kennedy and Elizabeth Warren to change the makeup of its membership.

While a rate cut is likely next week, dissent on the Federal Open Market Committee may hold the key for future moves.

Critics fear the contracting provision is so draconian it could backfire on the Metropolitan Transportation Authority's $51.5 billion program.

The plan would rebuild the power system with a web of "micro grids," funded in part with federal and private money.

The issuance keeps pouring into the municipal market as muni fundamentals and interest rates drive demand.

In the SEC inquiry, along with a separate FAA investigation, regulators are trying to determine if airport revenues were misspent.

Illinois Gov. J.B. Pritzker's administration says the forecast shows that Illinois needs to change its income tax structure.

September durable goods orders fell more than expected, while orders for non-defense capital goods excluding aircraft also dropped, suggesting production won't rebound this year.

Lori Lightfoot would close an $838 million gap with a mix of permanent and one-time maneuvers including new taxes, spending cuts and debt restructuring.

UBS, the underwriter facing more than $800 million in lawsuits over the pension system bonds, argued the proposed schedule won't give it enough input.

The new wave of bond issuance continued unabated as more sales priced on Wednesday.

The Fed has been trying to rein in volatility in the market and keep the fed funds rate within its target range.

A Senate committee has approved a bill requiring remote sellers to collect the state's 6% sales tax. It could generate $700 million in new revenue.

llinois paper is looking more attractive when held up to Chicago city and Chicago Public Schools bonds, Citi analysts write.

Wisconsin will refund $622 million of taxable 2008 bonds in a sale that sheds swaps tied to Libor.

Massachusetts also came to market with a $1.4 billion sale of revenue anticipation notes in three offerings.

Lack of legislative cooperation wouldn't be a problem until after court-approval of a plan of a adjustment, observers said.

The proposal is highly doubtful to become law in the coming months given the limited number of days Congress will be in session the remainder of the year.