Organization Root Tag

Municipal bonds were stronger Wednesday as bond deals from New York and California were coming to market.

With interest rates expected to remain low by historical standards, Federal Reserve Bank of Boston President Eric Rosengren said Wednesday, the Fed should consider ways to keep short-term interest rates from hitting zero.

State-owned Santee Cooper wants the high court to affirm its authority to set rates and pay off bonds that financed its scrubbed nuclear reactor project.

The decision could ultimately free up more spending flexibility for state and local governments by weakening organized labor in the sector of the economy where the rate of unionization is the highest.

New York City is making the move through HUD's Rental Assistance Demonstration program.

A new board supersedes the current five-member elected board of Munice Community Schools, which is now limited to an advisory role.

Revenues through the first 11 months of the fiscal year were 1% ahead of projections.

The state's capital funding needs are far short of its available funding resources.

Municipal bonds were little changed Tuesday as a continuation of the June-July reinvestment season made for brisk demand.

Issuer groups urged a Senate Panel to undo a 2014 SEC rule change that required money market funds to use a floating net asset value.

The measure provides the Port Authority of New York and New Jersey with multiple options to construct the elevated train service.

Bond proceeds, approved in a 2016 measure, will be used for programs to aid homeless people.

The junk-rated city is eyeing a return to market without a state backstop, but there is no timeline.

Municipal bonds were little changed Tuesday as traders saw big note and bond deals hit the market, led by issuers in California and New York.

Age, record usage and deferred maintenance have caused serious infrastructure problems at city parks, according to Center for an Urban Future.

Texas service sector activity “continued to increase in June, although at a slightly slower pace than last month.”

Service sector “activity grew robustly in June,” according to the Federal Reserve Bank of Richmond service-sector activity survey, released Tuesday.

Manufacturing growth in the central Atlantic region “continued to expand in June.”

The region's services sector showed “continued expansion,” as the general business conditions index slid to 39.1 in June from 45.3 in May.

A general obligation refunding is definitely in the cards for Chicago Public Schools, and a new money deal may come as well.