News and Information from Bond Buyer

The loss estimates due to COVID-19 for states at $555 billion through June 30, 2022 and for cities at $360 billion could very well prove to be on the low side.

The news is credit positive for the second-tier airport in the wake of JetBlue's departure, according to Moody's.

Siddharth Singhai, chief investment officer at IronHold Capital, explores how pension funds can choose better money managers. Paul Burton hosts. (16 min.)

State officials would break up the Kennedy Plaza depot in Providence and create smaller hubs around the city, using bond money voters approved six years ago.

Johnsen, 67, had served as a board member of the National Association of Municipal Advisors. He retired in 2018 as a principal of Fieldman, Rolapp & Associates.

The numbers were not as bad as first forecast, with sales tax revenues, which account for 59% of the budget, inching up.

Puerto Rico's governor promotes an insider to run the power authority.

Declining tourist taxes, which support the bond-financed Orange County Convention Center's expansion, led officials to suspend the design work on the project.

As the long Labor Day holiday beckoned, munis remained mostly steady in quiet trading. Cal trades up.

The August employment report was better than anticipated, which could impact the stimulus package being negotiated in Washington, analysts say.

Moody's cited high leverage and fixed costs attributable to the city's pension and other post-employee benefit plans. Voters decide on new bonds in November.

The House and Senate have not agreed to any of the 12 spending bills that fund various federal agencies, nor have they agreed on the reauthorization of the Highway Trust Fund.

The governor cited budget and social justice benefits from a measure to legalize cannabis, which officials say could bring in $600 million of new revenues.

Charles Evans, president of the Federal Reserve Bank of Chicago, said the economy won't be back at pre-pandemic levels until near the end of 2022.

Refinitiv Lipper reported $139.364 million of muni fund inflows, the 17th week in a row of positive results, but the lowest gain since July.

Georgia Power said in its latest report for the Plant Vogtle project that more than 800 workers have contracted COVID-19, and most have recovered.

The stop-and-go 2020 legislative session left some lawmakers feeling there is unfinished business in Sacramento.

Regulators found Stifel effected 56 pairs of pre-arranged transactions and the firm did not have a supervisory system reasonably designed to catch that activity.

The short-term Municipal Liquidity Facility does not meet the city's needs, the mayor said while repeating his call for borrowing authority from New York State.

Nick Bucklin, vice president and portfolio manager at Franklin Templeton, talks with Chip Barnett about ESG investing and why municipal green bonds are an important component of an investor’s portfolio. (19 minutes)