Organization Root Tag

Two big New York issuers came to market on Wednesday as municipal bonds were little changed in secondary action.

Federal securities regulators have dismissed the most serious claim against the city’s airport authority and removed a top official from litigation altogether as part of a settlement reached in the long-running legal battle over a controversial tax increment bond offering in 2008.

Chairman Jerome Powell is under pressure to adopt what would amount to a put tied to the bond market.

Rep. Bill Shuster's infrastructure discussion draft would temporarily raise federal fuels taxes for the ailing Highway Trust Fund while a newly created commission would determine how to ensure its long-term solvency.

House Judiciary Chairman Bob Goodlatte, R-Va., blasted the Supreme Court’s 5-4 decision in South Dakota v. Wayfair, Inc. as having “the potential to unleash chaos for consumers and remote sellers, particularly small business sellers.”

California’s Infrastructure bank hit the municipal market with a big note offering on Monday, while a New York City Transitional Finance Authority deal was offered to retail buyers.

Governance issues are likely to remain regardless of how Judge Laura Taylor Swain rules on Gov. Ricardo Rosselló's adversary complaint

A Pennsylvania Supreme Court ruling allows the city to move ahead with borrowing plans that were placed on hold during its legal fight.

Sen. John Kennedy, R-La., suggested he and Sen. Elizabeth Warren, D-Mass., may introduce a bill that would require MSRB to elect public members who represent consumers and are not just retired industry executives.

The big New York City issue was priced for retail investors and a large California note issue was offered to buyers, while municipals turned weaker in secondary trade.

The debt of New York’s MTA prompted board member David Jones to question whether the authority should have a debt cap.

Service sector “activity remained strong in July,” according to the Federal Reserve Bank of Richmond service-sector activity survey, released Tuesday.

Manufacturing growth in the central Atlantic region “expanded at a slower pace in July.”

The region's services sector “continued to expand,” as the general business conditions index rose to 44.3 in July from 39.1 in June.

Moody's changed the outlook on its Aa3 rating to positive from stable.

Illinois' 10-year GO paper is trading 10 to 15 basis point tighter than before its rating outlook went to stable from negative.

The 1.2-percentage point reduction will amount to $12,000 in saving on a $1 million tax settlement.

Municipals turned weaker on Monday as traders prepared their strategies ahead of the week’s issuance.

S&P Global Ratings boosted Michigan's general obligation bonds to AA from AA-minus.

Rural governments continue to lose economic ground, according to a Moody's Investors Service report.