Southeast

With the heavily traveled Interstate 40 bridge over the Mississippi River closed for repairs, Arkansas and Tennessee are seeking federal aid to cover the cost.

The city will sell $439 million of general obligation bonds voters authorized in 2018 in three tranches instead of the originally planned four.

The new-issue market came alive with two high-grade competitive loans and the speculative-grade Pacific territory pricing bonds to strong demand.

States are well-positioned to emerge from COVID-19, the investment firm said in its annual grading.

Price indexes in the latest New York manufacturing survey came in higher than expected, furthering inflation concerns.

After facing outside economic data pressures and rising U.S. Treasuries, municipals ended the week on solid footing ahead of a larger calendar with newly upgraded Connecticut leading with $1 billion of exempt and taxable GOs.

Revenue from the new law would replenish the state's unemployment fund and then cut taxes on commercial real estate rents.

Two other banks set to underwrite the $634 million bond issue dropped out of the transaction after facing pressure from activists and investors.

An increase to $30 billion from $15 billion on the PAB allotment overseen by the Department of Transportation was one suggestion a House panel heard Thursday.

The ratings agency also said it expects cruises will resume at modest levels in the second half of this year.