News and Information from Bond Buyer

Texas suffered its worst sales tax plunge in 10 years as the pandemic began to grip the state's economy.

The court filings could directly impact about $6 billion of bonds and $15 billion more indirectly.

Taxable munis hold the distinction as being the largest positive sector year-to-date, up 2.81%. High-yield has been hammered, losing 10%.

Chicago’s motor fuel bonds, the city’s park district, and Cook County suffered rating or outlook cuts this week.

The California Supreme Court will hold online oral arguments Tuesday in a public pension case that could challenge the so-called "California Rule."

Issuance in the public finance sector is likely to contract in 2020, S&P Research says.

The MSRB is looking to cut back on repetition in its broker-dealer suitability rules, which is a welcome change for the dealer community as Reg BI goes into effect in less than two months.

Speaker Nancy Pelosi said there could be three tranches of federal aid directed to state, county and municipal governments

Philadelphia Mayor Jim Kenney's revised budget proposed reflects a massive revenue shortfall, related to the shutdown to prevent the spread of COVID-19.

Better technology can help enhance efficiency, analysts and civic leaders say.

The Municipal Liquidity Facility is not enough to counter the fiscal effects of COVID-19, says the man who helped rescue the city from its 1970s fiscal crisis.

Illinois published its fiscal 2019 financial results Thursday as strains from the coronavirus pandemic loom large over fiscal 2020 and 2021.

A range of technical issues — from month-end accounting and financing to spread widening, price volatility and the coronavirus impact on businesses and the economy — spurred a tone of relative quiet in Thursday's trade.

S&P revised its outlook on Detroit's speculative grade rating to negative from stable Thursday as COVID-19 clouds the city's fiscal prospects.

April finished with $23.7 billion of issuance, a 15% decline from the $27.9 billion in April 2019. Volatility from the pandemic has caused erratic swings in benchmark yields, resulting in the lowest muni volume total in the month since 2011.

Thursday’s jobless claims at 3.839 million, weaker income and spending data show COVID-19 continues to dampen economic activity.

California's response to COVID-19 became a factor in Verity Health System's Chapter 11 proceedings.

Broker-dealers oppose a proposed change to MSRB's governance rule that would reserve two seats for municipal advisors.

Public finance has changed a lot since the Great Depression, so a repeat of that era’s default experience is not preordained even if this contraction matches the worst predictions.

S&P Global Ratings follows Moody's Investors Service in revising state’s credit outlook downward on revenue losses from COVID-19 pandemic.