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The massive amount of local debt Texas voters have authorized could limit governments' flexibility, Moody's Investors Service says.

An overhaul trimmed $7 billion from the fund's pension liability, but an $11.7 billion liability remains.

Puerto Rico bonds traded up after reports of a settlement among bondholders; the broader municipal bond market turned mostly weaker.

A proposal by bank and securities regulators to roll back some provisions of the Volcker Rule indicates they may be considering rethinking their previous stance on tender option bonds.

Tuesday's "top two" primary set the lineup for November's general election, which will bring the state a new governor and treasurer.

Diverging economies and operating predictability shape the differences between the New England neighbors, said S&P.

The plan would raise power costs, but analysts say municipal utilities and energy cooperatives can absorb the increases or pass them on to customers.

The IRS Office of Professional Responsibility took no action on the misconduct allegation against Brad Waterman, but informed him that a record of it would be kept for 25 years and revisited if needed.

Municipal bonds were mixed with some Puerto Rico issues trading higher as the primary saw a bevy of new deals hit the screens.

Rvenue soar 10.2% in May compared to a year earlier, accompanied by strong growth in oil and gas income.

The city will decide whether to apply the designation to an upcoming deal to fund housing for homeless people.

The bankuptcy court will hear a motion Wednesday to allow the probe, which could undercut billions of dollars in bondholder claims.

The municipal bond market saw billions of dollars of bonds hit the screens on Tuesday.

Gov. John Bel Edwards objected to a spending plan that would impose cuts of more than 24% on most state agencies.

The looming legalization of sports betting in New Jersey will provide only slight winnings to the Garden State and Atlantic City, according to analysts.

The muni industry's self regulator said issuers have found underwriters' disclosure letters to be too long, filled with boilerplate, and duplicative.

Municipal analysts see the holes in the spending plan, but secondary market traders reacted positively.

The muni market saw several large deals hit the screens Tuesday from issuers in California, Seattle and Connecticut.

Illinois Gov. Bruce Rauner and lawmakers acknowledged much work remains to be done to put the state on sounder fiscal footing.

Elad Roisman's main expertise is in equities, corporate debt, mergers, market structure and derivatives.