City of New York, NY

Puerto Rico bonds plunged on Wednesday after President Donald Trump suggested the commonwealth’s debt needed to be “wiped out” to help the island recover from the devastation caused by Hurricane Maria.

Puerto Rico bonds took a big hit on Wednesday after President Donald Trump suggested the commonwealth’s debt needed to be “wiped out” to help the island recover from the devastation caused by Hurricane Maria.

Puerto Rico bonds took a hit on Wednesday after President Donald Trump suggested the commonwealth’s debt would need to be wiped clean to help the island recover from the devastation caused by Hurricane Maria.

New York City’s economy is taking a $400 million a year hit from subway delays, according to an economic analysis released by City Comptroller Scott Stringer on Sunday.

Chicago-based Mesirow Financial is bulking up its municipal team with several hires on both coasts.

Mitchell Katz will continue the reorganization plan for the beleaguered city unit, said the mayor.

The Citizens Budget Commission in its FY17 progress report cited a drop in unique patients.

She said the plan was just one piece of a larger and more complex framework to address the city’s housing problem.

New York City agencies reportedly improved their performance in many categories including emergency response times.

Top-shelf municipal bonds were mixed at midday, according to traders, who are looking ahead to next week’s new issue calendar. Ipreo estimates total bond volume for next week at $4.72 billion.