Organization Root Tag

The measure would lower the percentage increase in property tax revenue larger cities and counties can tap for operations without seeking voter approval.

This year's portfolio growth will save the city $2.18 billion over the next five years, Comptroller Brad Lander said.

The risk Brightline Florida poses to the rest of the high-yield market may manifest in fund flows, investors said.

The Minneapolis Fed chief added that tariffs still represent a significant uncertainty and it's unclear what impact they'll have on inflation.

Some bondholders have retained legal counsel while others are in the dark about the company's plans.

"I asked him just last night, is this something you want?" Trump said Tuesday in an interview with CNBC. Bessent's response was, "Nope, I want to stay where I am," he said.

The state faces a $1.2 billion revenue hit in fiscal 2026 , as well as future spending pressures, from President Trump's One Big Beautiful Bill.

Illinois Gov. JB Pritzker on Friday signed pension legislation that will put Chicago on the hook for an additional $60 million in its fiscal 2026 budget.

The Federal Reserve governor's term was set to expire in January and President Donald Trump has made it clear that she would not be reappointed. The vacancy will give Trump an opportunity to appoint someone new to the central bank's board.

Municipal yields fell four to seven basis points, depending on the curve, while UST yields rallied nine to 30 basis points, with the largest gains on the front end.