News and Information from Bond Buyer

'I’m good at guarding things,' said the retired Army Reserve colonel, who will become Pennsylvania's next treasurer.

The central bank will prolong the life of the Commercial Paper Funding Facility and three other programs while returning congressionally approved funds for five separate facilities that will shut down Dec. 31.

Michael Chalker, portfolio manager and senior analyst at LM Capital Group, talks with Chip Barnett about the fixed-income markets and the fallout from the COVID-19 pandemic. (16 minutes)

Illinois will borrow $2 billion through the Federal Reserve's Municipal Liquidity Facility to help manage its 2021 budget gap. The state previously borrowed $1.2 billion from the MLF for its fiscal 2020 pandemic hole.

The Investment Company Institute reported municipal bond funds saw $2.675 billion of inflows in the latest reporting week.

Invaluable insight for those in the LGBTQ community and all those who want to be better allies from the lived experience of Maeve DuVally from Goldman Sachs

The flood of indicators released Wednesday were indicative of a slowing economy, analysts said.

The rating agency cited coronavirus-related curbs on economic activity in the commonwealth.

Pennsylvania nonprofit health system’s aggressive expansion has left it with a massive debt load, although default not an issue.

Sen. Mike Crapo of Idaho, who is expected to become chairman under a Republican Senate, has been receptive to increasing the limit on bank qualified debt.

Fitch Ratings cited concerns about LADWP's debt leverage in setting a negative outlook.

The budget cleared the Chicago City Council Tuesday. Rating agency and buy side reviews on the final plan will come next.

A voter-approved $5.5 billion bond measure gives the California Institute for Regenerative Medicine a new lease on life.

Sources said the JFK deal was massively oversubscribed, allowing underwriters to lower yields from 15 to 45 basis points.

The budget closes a $400 million general fund and health care system gap and rising structural costs without a tax hike

Yellen will inherit an Office of State and Local Finance that has been a low-key operation since it was formed in 2014 to manage the Treasury’s response to Puerto Rico’s economic, fiscal and debt crisis.

The broker did not disclose conflicts of interest and altered documents, FINRA found.

The Supreme Court decision in the Aurelius case that the Oversight Board was a local entity affected the U.S. Court of Federal Claims' decision.

Municipal finance is not a top-tier issue for treasury secretaries, but Yellen has taken a strong stance for more direct aid to state and local governments during the pandemic.

He was remembered for an evenhanded persona amid a tumultuous term from 1990 to 1993.