Southeast

Gov. Abigail Spanberger received a dose of good news for a constrained budget as a new revenue forecast shows a boost in tax collections.

With nearly $4.5 billion of tax-exempt bonds, a restructuring or bankruptcy would be among the muni market's largest to date.

The rating agency cited improving financial metrics and the port's importance to the regional economy.

The counties with the greatest exposure lie along the coasts of Florida, Louisiana, South Carolina and Texas.

The Kentucky State Property and Building Commission will be the issuer for the $885.5 million of bonds.

Political opposition from Charlotte residents halted the express toll lanes expansion plan.

Huntington Securities has hired Shai Markowicz, a veteran of Citi and Morgan Stanley, as managing director and head of project finance.

The rating agency cited solid financial performance and a stabilizing leverage profile.

Proposed FEMA reforms could further increase financial strain for state and local governments after natural disasters.