Southeast

Voters in gilt-edged Raleigh and Wake County, N.C., approved selling a total of $885 million of general obligation bonds for schools and transportation projects.

Citing a materially weakened financial position, Moody's downgraded Montgomery, Ala.'s issuer and general obligation limited tax ratings to A1 from Aa2.

The National Association of State Treasurers elected officers for 2014 and adopted several bond-related resolutions, during an annual business meeting at its conference here on Monday.

A federal judge has issued an order for mediation between the City of Miami, Fla. and the Securities and Exchange Commission, a step the SEC said is required for its securities fraud case against the city and its former budget director.

A lot of work needs to be done in Detroit, but the city has a great deal of potential, Michigan State Treasurer Andy Dillon said.

Jefferson County, Ala., failed to properly inform residents about the plan that will allow the county to exit bankruptcy, according to a complaint filed Friday.

Florida's Citrus Memorial Hospital is poised to be sold to a for-profit chain, and redeem its junk bonds with proceeds from the deal.

A short-term federal government shutdown will have minimal impact on issuers, though some areas with a significant federal presence like Washington D.C. may see some lost economic activity, ratings agencies said.

A grassroots group is asking Florida Gov. Rick Scott to delay further legal action against Georgia over water use in the Apalachicola-Chattahoochee-Flint River basin.

Kentucky and Ohio consider options for building and funding a bridge project between Covington, Ky. and Cincinnati that could cost as much as $2.9 billion.