News and Information from Bond Buyer

The judge overseeing Puerto Rico’s Title III bankruptcy process named five judges to help mediate disputes over island government and sales tax bonds in the biggest municipal restructuring in U.S. history.

The Treasury Department said Thursday it will auction $39 billion 91-day bills and $33 billion 182-day discount bills Monday.

NASBO survey finds states have proposed the smallest increase in spending since fiscal 2010.

Builders’ confidence in the market for new single-family homes slipped as the National Association of Home Builders' housing market index fell to 67 in June from a downwardly revised 69 in May.

Municipal bond traders will be waiting to see some supply hit the screens on Thursday, a day after the primary market was sidelined by the Federal Reserve’s monetary policy meeting.

Industrial production was flat in May, the Federal Reserve reported Thursday.

Moody's Investors Service said it upgraded Indiana University Health's (IU Health) ratings to Aa2 from Aa3, affecting approximately $1 billion in debt.

The region's manufacturing sector expanded in June, but at a slower pace than in May, as the general business conditions index decreased to 27.6 from 38.8 in May, this month's Federal Reserve Bank of Philadelphia Report on Business indicates.

The Empire State Manufacturing Survey showed "business activity rebounded strongly in New York State," the Federal Reserve Bank of New York reported Thursday.

Illinois House and Senate Republicans laid out a formal budget and reform package.

Texas Gov. Greg Abbott's signature put the state on a $217 billion budget for the next two years.

The Port of Oakland has earned an upgrade from Moody's Investors Service.

Michigan's attorney general announced more felony charges in the Flint water contamination crisis.

The American Dream development in New Jersey, which broke ground in 2004, will have to wait a bit longer for financing as a $1.1 billion sale of unrated tax-exempt bonds to complete the project was delayed.

Twenty one states don’t produce debt affordability studies prior to issuing new debt.

KeyBanc Capital Markets, the corporate and investment banking arm of KeyCorp announced today the appointment of Corey Whitbeck and Robert Campbell to its high yield sales team in Albany, New York, further expanding the firm’s capital markets group.

Federal Reserve Board Chair Janet Yellen said she has had no conversations with President Trump about her future as Fed chair.

Airports are expected to issue almost $19 billion of additional debt over the next two years.

The New Jersey proposal to use lottery revenue to boost its pension system is not viable, according to Municipal Market Analytics.

New York City Mayor de Blasio on Wednesday launched Cool Neighborhoods NYC, a $106 million program designed to curb the effects of extreme heat on vulnerable residents.