News and Information from Bond Buyer

The SEC told a federal court that it will not pursue a judgment against the muni advisor firm or its principal unless it appears that the settlement process has stalled.

South Dakota, which has no state income tax and relies on sales and use taxes for much of its revenue, will make its oral arguments to the high court on April 17.

Issuers in the Midwest sold $82.98 billion of debt last year, a 5% drop from 2016.

Assured is pursuing a strategy of investment beyond its core financial guaranty business, to diversify revenue sources.

Assured said its fourth-quarter profit fell on lower earnings from bond refunding and a one-time effect of the new tax law, even as the company's share value surged to record levels.

Fed Chair Powell's Congressional testimony failed to move municipal bond prices ahead of this week's new issue slate.

With the airport's runways updated, Chicago is now aiming to modernize its terminals.

Former New York City Comptroller William Thompson, now a partner at Siebert Cisneros Shank & Co., discusses his firm’s success in 2017 and looks ahead to an uncertain market landscape for 2018. “We’re all unsure, we’re all holding our breath … everybody on the Street looks at 2018 as a down year ... 2018 is going to be a challenging year for everyone.” Chip Barnett hosts.

Officials say the law's ban on advance refundings may cost the city $425 million in savings over four years and that changes in state law are needed to offset the damage from the limit on the state and local tax deduction.

Federal Reserve Board Chairman Jerome Powell refused to comment on his views on the number of times the Federal Open Market Committee will raise rates this year, although he admitted his “outlook has strengthened since December.”

Texas service sector activity “continued to reflect expansion in February,” according to business executives responding to the Federal Reserve Bank of Dallas' Texas Service Sector Outlook Survey, as the revenue index increased to 13.2 from 12.8.

The consumer confidence index increased to 130.8 in February from a revised 124.3 last month, The Conference Board reported Tuesday.

Service sector companies “saw strong growth in February,” according to the Federal Reserve Bank of Richmond service-sector activity survey, released Tuesday.

Manufacturing growth in the central Atlantic region was “robust” in February, according to the monthly business activity survey conducted by the Federal Reserve Bank of Richmond, as the manufacturing index soared to 28 from 14.

Moody's says CalPERS' faster debt repayment plan is credit positive despite the budget strain it will provoke.

Justice Elena Kagan said a ruling in favor of Janus would overturn laws in 23 states, the District of Columbia and Puerto Rico and invalidate thousands of municipal contracts covering millions of public employees invalid.

The municipal bond market is expected to give a warm reception to variety of new issues in the smaller-than-average $4.8 billion calendar.

Growing revenue challenges coupled with a “very weak” economy led S&P Global Ratings to drop the city two-notches to BB-plus.

There is no consensus on the content or how to pay for it in an election year where nothing is expected to get done after the summer and everything will be very politically sensitive.

Four senators released a proposal to deal with the Bluegrass state’s unfunded pension obligations.