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Gavin Newsom's budget arrived in the same week BlackRock's CEO advised that climate change is reshaping the financial system.

The board will, among other things, review comments on a proposed order that would allow municipal advisors to participate in some private placement activities.

Gov. Andrew Cuomo’s warnings that cities could absorb more Medicaid costs have triggered uncertainty about the city's budget.

Gavin Newsom's proposed budget would support a $4.7 billion climate bond, create the state's own generic drug plan and add undocumented seniors to Medi-Cal.

While Fed officials repeated their contention that monetary policy is appropriate and rates can be held if the outlook remains as expected, the situation with Iran could cause preemptive cuts, one noted economist suggests.

New York's governor wants the state to lead efforts for increased capacity at Manhattan's busy transit hub.

New York City could save up to $400 million through design-build project delivery, the mayor said after Gov. Andrew Cuomo signed a bill to authorize it.

William Dudley, who used to oversee the Federal Reserve’s interaction with financial markets, said the central bank should introduce a long-discussed but never implemented tool to ensure U.S. cash markets remain calm.

The U.S. and the rest of the industrial world may have to resign themselves to an extended period of slow economic growth, subdued inflation and low interest rates. The trick will be in avoiding something even worse.

The authority approaches next week’s planned $2.5 billion of issuance buoyed by clearance of its five year, $51.5 billion capital program.