News and Information from Bond Buyer

The Chicago Business Barometer rose to 65.7 in June from 59.4 in May.

The seasonally adjusted Milwaukee Report on Business remained in a range in June.

The Midwest Economy Index declined to 0.51 in May from 0.72 in April, the Federal Reserve Bank of Chicago said Friday.

The Federal Reserve will release the report early to allow it to be reviewed by Congress and the public before testimony.

Illinois Senate Republican Leader Christine Radogno will resign from the legislature Saturday.

CBO previously estimated options for avoiding a default would be exhausted in the fall.

Puerto Rico's first mediation meeting in its Title III bankruptcy case will take place on July 12.

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices rose one basis point to 4.05% from the previous week's 4.04%.

Legislation to overhaul retirement benefits for Michigan teachers will make it easier to predict pension costs, S&P said.

Wayne County, Michigan has two proposals to finish a partially built, bond-financed jail project

New York lawmakers approved a three-year extension of counties' authority to levy local sales tax.

With fiscal year 2017 nearing an end in Puerto Rico, the Oversight Board was threatening to approve a budget Friday morning without local government agreement and the electric power authority was on the verge of default on a $423 million bond payment due Monday.

Cuts to Ohio's Medicaid program may delay Gov. John Kasich's signature on the state budget.

Bonds were hit Thursday by a combination of global central bank comments, strong Eurozone economic data, and rising expectations of another interest rate hike by the Federal Reserve this year.

Mayors and governors are concerned about potential strains on their finances from legislation being drafted without input from Democrats.

The SEC's Investor Advocate said muni market reform will be one of five areas for "significant time and attention."

The new guidance details conduct that may put advisors in violation.

Orange County is out of the woods, but other California governments face challenges.

The revised federal grant program would reward freight projects with innovative financing, including P3s.

With growth, inflation and interest rates low, accommodative monetary policy remains appropriate, Federal Reserve Bank of St. Louis President James Bullard said Thursday.