Southwest

A hungry primary market gets a $250 million taste of top-rated Texas variable-rate debt from the Veterans Land Board.

Arkansas Gov. Asa Hutchinson wants to raise state transportation funding by $750 million over 10 years without raising taxes.

The law firm Orrick, Herrington & Sutcliffe will include a public finance team as part of its new Houston law offices that will hire 20 lawyers from other firms.

Former New York Mayor Rudolph Giuliani, who was co-namesake of the Bracewell & Giuliani, is leaving the Houston-based law firm for Greenberg Traurig.

Oklahoma's 3% mid-year cuts to school districts are credit negative because they hinder the districts from paying for budgeted expenditures for the remainder of the school year, according to Moody's Investors Service.

The “Great Financial Crisis” continues to haunt the world’s economy because government failed to repair a damaged system and prosecute fraud, says University of Texas economist James K. Galbraith, who speaks next month at a Bond Buyer event in Austin.

Kansas Gov. Sam Brownback plans to cut $25 million in highway spending and enact other cuts as revenue continues to fall.

The University of Houston will issue $272 million of tuition revenue bonds that that combine taxable and tax-exempt debt.

Faced with falling oil prices, New Mexico Gov. Susana Martinez called for a restrained approach to spending under a $6.5 billion budget that emphasizes education, safety and economic growth.

Texas sales tax revenue in December fell 1.1% to $2.33 billion as low oil prices continued to undermine the state’s economy.