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Puerto Rico entities paid millions for rejected proposals, lost $1.1 billion on risky interest rate bets.

The Federal Reserve will continue to raise interest rates at a gradual pace in order to extend the economic recovery while keeping inflation in check, Chairman Jerome Powell said.

A hearing on the unsecured creditors' bid for standing was postponed to Friday to allow time for the talks.

Municipal bond prices weakened as supply flooded into the primary sector.

President Trump won’t get Federal Reserve policymakers to call off their credit tightening campaign, former Fed Vice Chairman Stanley Fischer said.

The Jersey Shore gambling hub is poised for long-term economic growth, according to new tourism indicators.

The not-for-profit university closed on a $195 million privately placed refunding that eases debt service demands.

Included in the FAA reauthorization package is $1.68 billion in supplemental disaster funding that would help cover the cost of recovery and rebuilding from Hurricane Florence last month.

The Bond Dealers of America has formed a Fixed Income Market Structure Working Group to advise regulators, lawmakers and market participants on structural changes in the fixed income industry and marketplace.

Municipal bond buyers saw more volume hit the screens on Wednesday as the big New Jersey deal came to market.

Opponents say passage of Amendment 5 in November would threaten Florida’s ability to fund state priorities and its triple-A ratings.

Federal Reserve Bank of Philadelphia President Patrick Harker wants the central bank to take its time in hiking to avoid inverting the yield curve.

Chicago Fed President Charles Evans says he’s “quite comfortable” with the prospect of another interest-rate hike in December.

Another wave of states is expected to begin implementation Jan. 1, according to the National Conference of State Legislatures.

Citi is slated to price the $1.56 billion New Jersey Transportation Trust Fund Authority revenue bond deal Wednesday.

If the unsecured creditors prevail in challenging the negotiated deal, the consensual restructuring of $4.1 billion may be thrown out.

A wave of municipal bond supply swept into the market, led by New York and California issuers.

The Libor changeover isn't officially due for three years, but the change could have big ramifications for munis and is already underway.

The New York City Economic Development Corp. made a $30 million seed investment in Cyber NYC.

Municipal investors saw a wave of supply come to market on Tuesday as New York and California issuers sold debt in the competitive arena.