News and Information from Bond Buyer

Import prices rose 0.6% in May, while export prices also gained 0.6%, the Labor Department reported.

Initial jobless claims fell 4,000 to 218,000 in the latest reporting week, the Labor Department reported.

Only nine states reported making midyear budget cuts totaling $830 million this year compared to 22 states that cut $3.5 billion in 2017.

State officials say the new funds will increase the local share of funding for Gateway and improve the project's chances of getting federal funds.

The consent decree that New York City has signed with federal prosecutors over problems at the Housing Authority will not have a negative impact on the $89.15 billion Fiscal 2019 budget.

After nearly 18 years as portfolio manager and director of fixed income, Mousseau is tapped as president and CEO of Cumberland Advisors

The new plan keeps property taxes flat and shows the city's continued progress in righting its fiscal ship, according to a state governing body.

Democrat Zach Conine, a Las Vegas businessman, will face Republican Bob Beers in the open-seat state treasurer’s race.

The spending plan heads to Gov. Rick Snyder for his expected signature.

City officials repealed the tax saying they feared they would lose at the ballot.

Municipal bonds turned weaker after the Federal Reserve raised interest rates.

The April-approved fiscal plan had said just 39% of senior and senior subordinate bond debt would be paid in the next fiscal year.

A nonprofit overseen by the Seattle-based Public Facilities Group will sell the bonds.

The second Illinois municipality stung by new state pension intercept rules has settled with its firefighters' fund.

The merger will extend Nelson Mullins' reach to the third-most populous state and expand its public finance group.

Federal Reserve Board Chairman Jerome Powell said he will hold a press conference after every Federal Open Market Committee meeting, beginning in January.

Navnoor Kang, a former director at the New York State Common Retirement Fund, wants home confinement rather than prison.

Mayor Bill de Blasio and the City Council face a raft of uncertainties about their third straight early budget.

The municipal bond market is waiting for the Federal Open Market Committee interest rate announcement.

The Poinciana Community Development Districts argue that "issue preclusion” should bar some objections to the validation of $102 million of bonds.