News and Information from Bond Buyer

The authority's issue will also provide new money to help finance renovations at the state's historic capitol building in Lansing.

Federal Judge Mark Cohen formally closed out the lawsuit between the two utilities and Jacksonville after a term sheet was posted settling the litigation.

Municipals were steady on Thursday a day after turning weaker for the first time in almost two months. Refinitiv Lipper reported $2.3 billion of inflows.

The picture remains grim for the U.S. labor market as it attempts to recover from the COVID-19 pandemic, even though fresh initial jobless claims fell to under a million for the first time since March.

Hector Matos brings years of experience as a Texas school finance expert and Citigroup banker to Raymond James' new San Antonio office, the firm said.

State and local governments would lay off an additional 1.5 million to 2 million workers if that happens, according to Mark Zandi, chief economist at Moody's Analytics.

State lawmakers closed a $1.2 billion budget hole during a 15-hour special session, but they may need to return in the absence of federal coronavirus aid.

The fund has a target size of $250 million and will target minority- and women-owned business enterprises to maximize social impact.

Investing in 'social' bonds is becoming more commonplace in municipals. Anand Kesavan, CEO of Equitable Facilities Fund, talks about its drive to help charter schools' funding, and its social, racial and equitable diversity of investments. Lynne Funk, Bond Buyer Innovation Editor hosts. (24 min)

Huntington says the Michigan team that came over from Hilltop has experience covering local school districts and governments as well as the state.

The state's highest court unanimously ruled that a law Gov. Phil Murphy spearheaded to authorize up to $9.9 billion of bonds is constitutional.

Municipal yields rose as much as four basis points on Wednesday, while new issues played the field.

The law restricting various aspects of debt issuance goes beyond the central government to also cover the public corporations.

The recovery from COVID-19 will not happen quickly and Americans should "learn to live" with the virus, as it will be around much longer than expected or hoped for.

Former Vice President Joe Biden already is running on a muni-friendly campaign platform.

Issuers say extending the deadline is helpful, but they still need more flexible funding such as the ability to use federal aid to replace lost revenue.

Without giving a reason, Florida’s bond-funded passenger rail developer severed ties with Virgin and said the train system’s name will revert to Brightline.

The move will enhance economic recovery from the coronavirus, the rating agency said.

On Tuesday, the Federal Reserve reduced interest rates in its Municipal Liquidity Facility by 50 basis points in each credit rating category.

They cited recent waves of COVID-19 in rural and farmland areas and the success of mass transit overseas at containing the spread.