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Lawmakers are putting the final touches on the budget, and Gov. Kathy Hochul said there is broad agreement. Federal cuts may yet scramble everything.
"For munis, a strong jobs report should reverse recent credit spread widening, while a weak jobs report should keep credit spreads around current levels," said BofA strategists.
As cutting the federal budget resonates as a central theme in the Trump administration, the Department of Transportation is getting a boost in appropriation proposals.
The ratings agency changed its outlook on its BBB-minus rating to negative from stable Wednesday.
Part of the problem is lack of reimbursement from insurance companies, said the owner of one proton center.