Southwest

President Trump's "sanctuary city" order is expected to foreshadow more long-term turbulence for urban-federal relations as the president sought to force compliance with his objectives by threatening to cut federal funding.

Texas Gov. Greg Abbott urged the Texas Legislature to maintain funding for border security amid a state hiring freeze. He also called for school finance reform including school vouchers and a convention of states to amend the U.S. Constitution.

The Texas Permanent School Fund that guarantees more than $70 billion of public school construction bonds retains top credit ratings despite its increasing support for riskier charter school debt

With backing from President Donald Trump and Texas Gov. Greg Abbott, proponents of school vouchers see their best opportunity in years to shift tax dollars to private schools in the name of "school choice."

President Trump’s broadsides against Mexican immigrants and trade have not triggered rating agency action on border credits, which, in several cases, have seen upgrades.

Gainesville Hospital District in North Texas is reorganizing under Chapter 9 bankruptcy with $19.7 million of general obligation bonds insured by Ambac.

Most of the oil states have gone into recession, S&P Global Ratings said in a new report.

Texas Legislature is beginning the unpopular task of cutting spending for some programs amid weaker revenues.

Local government issuers increasingly relied on certificates of obligation in the past decade, bypassing voter approval to raise capital more quickly, according to Texas Comptroller Glenn Hegar.

The San Antonio City Council will ask voters to approve $850 million of bonds, the largest package in the city’s history, for projects that include redevelopment of Hemisfair Park.