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California's High Speed Rail Authority has until June 2026 to figure out how to close a $7 billion budget hole, said the LAO's principal fiscal and policy analyst at a budget hearing.

Mary Simpkins, who joined the SEC's Office of Municipal Securities in November 1997, is retiring.

The departures happened around the time Barclays handed out companywide bonuses and coincided with the firm in the process of shrinking its muni footprint in the regions, according to sources.

The Los Angeles Legislative Delegation penned a letter to state budget leaders asking for $1.9 billion in fire recovery aid for the city after meeting with city leaders.

United First Partners was fined for reporting and supervisory rule violations as part of a wider FINRA disciplinary action involving the firm.

Houston, Phoenix, and Dallas are taking action to address fiscal challenges brought on by litigation, state actions and a ballot measure.

NewEdge Securities was also ordered to pay disgorgement of $750,746 plus interest.

The Chicago Public Schools ended the week no closer than it started to answering the question of how or if a scheduled pension payment will be made.

Washington's latest official state revenue forecast lopped almost $900 million from projected collections over the next four years.

Get expert analysis of the May FOMC meeting, inflation outlook, and Powell's comments.

Most of Thursday's issuance came from competitive deals, the largest being the Dormitory Authority of the State of New York with $2 billion-plus and California with $889 billion.

Mayor Karen Bass and her budget chief say the city faces a $1 billion budget gap and will need to rethink the way Los Angeles operates.

Judge Laura Taylor Swain also approved the mediators hiring PJT Partners to be their financial advisor.

The city council approved the private placement of up to $325 million of notes to commence funding for a $1 billion convention center expansion project.

The slowdown of growth in the fourth quarter does not imply there is dwindling demand for munis, said Pat Luby, head of municipal strategy at CreditSights.

The state is trying to navigate its way to a fiscal 2026 budget amid potential federal policy changes and the heightened risk of a recession.

With no policy changes expected, analysts are eagerly awaiting the new Summary of Economic Projections for clues about future monetary policy.

President Trump's selection of Federal Reserve Gov. Michelle Bowman as the next vice chair for supervision comes as banking groups and their allies in Congress asked the administration to fill the position quickly. Bowman was the preferred choice for many in the industry.

The MSRB has said it is amending a pending rule change that would greatly shorten the reporting time standard for municipal bond trades, which could cause problems for certain transactions, dealer firms said.

Moody's Ratings revised the outlook to negative from stable but affirmed the A1 rating on the CTA's senior lien sales tax bonds.