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New York City’s Department of Finance continues to pay businesses that owe millions of dollars in past due taxes, according to an audit by Comptroller Scott Stringer.

Municipals were mixed at mid-session as the last of the week’s big deals came to market, led by a bond offering out of California and a note sale from Colorado.

The board has claimed its policies must be followed to make money available for bond payments.

Businesses are starting to step up their efforts to partner with community groups and provide training programs for employees as job openings become harder to fill, Federal Reserve Bank of New York President John Williams said.

Three Republican senators have introduced legislation that would slash federal spending for transportation and federal fuels taxes and put more responsibility on states for transportation infrastructure and all mass transit projects.

Requests for municipal bond identifiers rose in June for the fourth month in a row as the Dormitory Authority of New York sold $1.79 billion of bonds to a supply-starved market.

The league tables show a return to normal from the first quarter, when PFM, Citi and JPMorgan all placed lower than usual.

While munis have received scant attention at previous meetings, a discussion of pre-trade transparency is on tap for next week's Fixed Income Market Structure Advisory Committee meeting.

Walter Higgins plans to submit his resignation because an unexpected family incident will keep him out of Puerto Rico, the governor said.

Municipal bonds were stronger at mid-session as a swell of supply swept into the market on Wednesday.

Labor market “activity declined and momentum remained high in June,” as the Federal Reserve Bank of Kansas City Labor Market Conditions Indicators (LMCI) slid to 0.77 from 0.91 in May.

The American Trucking Associations and three co-plaintiffs argue in federal court that the state's truck-only tolls are unconstitutional.

Bondholders have long complained about the local government's lack of timely and accurate financial information.

The school district established a leadership team as it exercizes local control for the first time in more than 16 years.

BlackRock says relative valuations and historical seasonal trends suggest favorable conditions for municipals.

Fitch Ratings says the application of its new rating criteria is not expected to result in widespread downgrades.

The Financial Industry Regulatory Authority has already barred Jose Ramirez from the securities industry, his lawyer said.

Chicago Public Schools has GO, revenue, and refunding bond deals in the works.

Municipal bond buyers were seeing the first of the week’s deals come to market as two big competitive issues sold.

The combined $10 million payment by Aetna, The Hartford and Travelers is a positive for Connecticut's struggling capital, according to Moody's Investors Service.