News and Information from Bond Buyer

Municipal bond buyers grabbed general obligation bonds from California and New York City on Thursday.

Victor Quiroga Jr. previously was a vice president at Frost Bank.

Newly issued Treasury securities held in stripped form decreased about $1.197 billion in February.

A new Big Apple Transit agency would issue new debt for transit under City Council Speaker Corey Johnson's plan.

Slower economic growth shouldn’t be a concern since it’s the “new normal,” according to Federal Reserve Bank of New York President John Williams, who said Wednesday this allows the Fed to be patient and data dependent on rate changes.

The House speaker wants a $2 billion school bond bill to fund capital needs, but the Senate's leader wants a pay-as-you-go approach.

Private-sector employment increased by 183,000 in February, on a seasonally adjusted basis, ADP estimated Wednesday.

Corey Johnson has called for wresting control of five-borough transit operations from the state-run Metropolitan Transportation Authority.

State Sen. John Moorlach's legislation would make California only the second state to adopt the machine-readable computer language for financial documents.

New Jersey Gov. Phil Murphy’s second proposed budget relies on tax increases to fund his policy initiatives.

Gretchen Whitmer's first budget proposal would also provide a tax break for pension and retirement income.

The municipal market had offerings for both retail and institutional investors, as new paper starting flowing into a supply-starved market.

A wide variety of projects would be eligible under the bill, including airports, ports, transit, and more.

Some issuers were concerned about precedents they would be setting and questions underwriters could have regarding compliance with the amended rule.

The federal government ran an $8.7 billion surplus in January, the Treasury Department reported Tuesday.

The city will use about $1.8 billion of bonds to fund a new airport terminal in a project led by private partner Edgemoor Infrastructure & Real Estate.

The state continues to set records for monthly sales tax collections, despite signs that oil production is facing uncertain demand.

In the first part of a two-part podcast, Emilie Mazzacurati, CEO of Four Twenty Seven, discusses the challenges financial firms and state and local governments face when it comes to climate change, adaptation and resilience. And in a second part, The Bond Buyer's Northeast Regional Editor Paul Burton chats about green bonds, climate change and resilience, and cybersecurity. Chip Barnett hosts.

The U.S. services sector expanded at a faster pace in February as the non-manufacturing index climbed to 59.7.

With signs of economic weakness toward the end of 2018 and a rise in downside risks, the Federal Open Market Committee can wait “several meetings” before changing rates, Federal Reserve Bank of Boston President Eric Rosengren said Tuesday.