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Puerto Rico's default is generating concern over mainland special revenue bonds and distressed issuers, and undercutting confidence in municipal credit nationwide.
March 21
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Issuers in the Midwest sold $82.98 billion of debt last year, a 5% drop from 2016.
February 27
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The power of public employee unions to influence elections and their wage and benefit arrangements could be at stake.
February 23
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The unfunded pension burden for Chicago, Cook County, and other local funds hit $50 billion in fiscal 2016.
February 20
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Illinois Gov. Bruce Rauner's budget proposal would push some state costs onto schools and universities
February 16
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Release of the spending plan marks the first salvo in the fiscal 2019 budget season.
February 14
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An Illinois lawmaker has filed a bill that would authorize the massive borrowing.
January 31
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Municipal bond volume evaporated in January, as the market felt the aftereffect of federal tax legislation that pulled issuance forward into 2017.
January 31
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The alliance graded key budgeting and transparency practices in each of the 50 U.S. states.
January 31
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The stakes are high with two of the state’s general obligation ratings one notch away from speculative grade.
January 30
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Several market participants said it’s hard to take such a proposal seriously.
January 23
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State agencies are also holding $2.3 billion of bills that can’t be paid until lawmakers approve appropriations, the state comptroller said.
January 22
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Muni volume in the last week of January is forecast to match that of the first three weeks combined, satisfying pent-up investor demand.
January 19
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Municipal bond prices remain under pressure at midday as U.S. Treasury yields hit three-year highs and the market looks to next week's $7.17 billion slate.
January 19 -
Moody's shifted the outlook on its A3 rating forSpringfield, Illinois, to negative.
January 16 -
Tax-exempt issuance again dominates the calendar, after a week of mostly taxable deals .
January 12
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The municipal bond market will see $3.35 billion of new deals hit the screens next in a holiday-shortened week. Ipreo estimates weekly volume at $3.35 billion, up from $3.12 billion this week.
January 12 -
The unfunded liabilities of the funds nearly doubled over the last decade.
January 9
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The municipal bond market was quiet Monday as traders waited for this week’s new issue sales to get underway with competitive deals on Tuesday from Massachusetts and Fairfax County, Va.
January 8
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The municipal bond market on Monday is patiently waiting for this week’s new issue sales to get underway with competitive sales on Tuesday from Massachusetts and Fairfax County, Va.
January 8
