News and Information from Bond Buyer

All 12 Federal Reserve Districts saw economic growth in June, the Beige Book, released Wednesday indicated.

The government has averaged a $104 billion deficit in October over the last five years.

Struggles with tuition revenue growth landed a junk rating for Hartwick College in Oneonta, N.Y.

The organization's national conference will be held in Los Angeles for first time.

The Treasury Department auctioned $20 billion of 9-year 10-month notes with a 2 3/8% coupon at a 2.325% high yield, a price of 100.434016.>

The county plans to price $344 million of limited obligation refunding warrants, with a new 1% local sales tax supporting debt service.

Top-rated municipal bonds were stronger at mid-session, according to traders, who were seeing another wave of supply hit the market.

Federal Reserve Board Chair Janet Yellen said Wednesday that although the timing of balance sheet normalization beginning “doesn’t matter a great deal,” she would like to see it start “relatively soon.”

Labor market “activity decreased and momentum remained high in June,” as the Federal Reserve Bank of Kansas City Labor Market Conditions Indicators (LMCI) dropped to 0.33 in June from 0.50 in May, according to the Bank.

Gov. Tom Wolf and Pennsylvania lawmakers must still agree on a revenue package

A House panel’s 2018 spending plan provides full FAST Act funding

It’s “premature” to decide inflation won’t go back to 2% in the coming years, and the Federal Reserve will alter its course if the inflation undershoot is “persistent,” Federal Reserve Board Chair Janet Yellen said Wednesday.

Junk status underscores the need for a 'far-sighted restructuring,' according to Luke Bronin.

Municipal bond traders on Wednesday are expecting another wave of supply to hit the market, with large deals coming from a New York and New Jersey issuer.

S&P Global Ratings dropped Connecticut's capital two notches to junk-level BB.

Mayor warns elimination of the SALT deduction will lead to double taxation.

The New York City Transitional Finance Authority’s $1.01 billion deal was accelerated by a day with the bonds being priced for institutions on Tuesday.

Puerto Rico’s municipal government finances deteriorated in fiscal year 2016 from a year earlier, according to a locally-created study.

A California legislative panel will consider whether to put a toll increase to a public vote.

Senators from New York and New Jersey want to keep the Gateway Tunnel Project on track.