News and Information from Bond Buyer

An asset manager looks to tap growing demand for sustainable investments the same day the president pulls out of the Paris Accord.

Baker, lawmakers must hash out FY18 plan

Chicago Public Schools sent $467 million to the teachers' pension fund as required Friday.

Maine Gov. Paul LePage vowed to reject the legislature's bipartisan budget proposal.

Issuance is forecast to screech almost to a halt during the July 4th holiday shortened week.

The Illinois House speaker, citing progress, asked rating agencies to hold off on negative action.

Muni analysts pointed to June's uptick in volume as a sign that issuance may start to rebound.

The No Sanctuary for Criminals Act passed the House Thursday in a largely party line 228-195 vote.

The five year municipal default rate since 2007 is twice the average since 1970, though it's still a fraction of the default rate on corporate bonds.

Revenues from fuel taxes that fund highway projects inevitably will decline as more ultra-fuel-efficient vehicles hit the road.

A skeletal $32 billion fiscal 2018 Pennsylvania budget was scheduled to make its way through the Senate.

Top shelf municipal bonds were unchanged at mid-session as traders prepared for next week’s almost non-existent new issue calendar. Ipreo estimates volume at $130.4 million, down from a revised total of $6.02 billion sold this week, according to updated data from Thomson Reuters.

Barring a dramatic turn of events, Connecticut will miss its midnight budget deadline.

The Indiana Finance Authority approved its takeover of a struggling highway public-private partnership.

New Jersey Gov. Chris Christie is preparing for a government shutdown amid a budget impasse with lawmakers.

Troubleshooter Joe Lhota, back as chair of New York's MTA, has no shortage of challenges.

The move follows the board’s decision to reject a Restructuring Support Agreement developed over three years between Puerto Rico Electric Power Authority and its creditors.

Municipal bond traders are preparing for next week’s almost non-existent new issue calendar as they get ready for the upcoming Fourth of July holiday.

The University of Michigan's final June consumer sentiment index reading was 95.1, compared to the preliminary June 94.5, and the final May 97.1, according to market sources.

Illinois is staring at a historic fall into junk territory if lawmakers can't compromise.