News and Information from Bond Buyer

Transit officials are fighting President Trump’s plan to kill a $2.3 billion per year grant program.

The federal government ran an $88.4 billion deficit in May, the Treasury Department reported Monday.

Puerto Rico’s voters overwhelmingly voted on Sunday for the island to become a state in a vote the opposition chose to boycott.

New Jersey Senate President Steve Sweeney wants more state water infrastructure spending.

A new Colorado law requires charter schools to share in local school districts' mill levy overrides.

California revenues beat state budget projections in May.

The Treasury Department auctioned $20 billion of 9-year 11-month notes with a 2 3/8% coupon at a 2.195% high yield, a price of 101.594378.

Chicago’s chief financial officer says bankruptcy isn’t on the table for Chicago Public Schools.

S&P Global Ratings said it raised its long-term rating on the city of Los Angeles, Calif.'s outstanding general obligation bonds to AA from AA-minus.

Top-rated municipal bonds were weaker at midday as traders eagerly await the new issue slate to start rolling in.

The tender rate for the Treasury Department's latest 26-week discount bills was higher, as the three-months incurred a 1.100% high rate, up from 1.070% the prior week.

Even though it is quite convenient to view events in Puerto Rico through the prism of a one-off, it is true that the Commonwealth and its agencies, authorities, and localities have been and continue to be part of this municipal market that we work in and invest in every day.

Massachusetts’ downgrade by S&P Global Ratings affects $22 billion in GO debt.

The Treasury Department said Monday it will sell $35 billion of four-week discount bills Tuesday.

Trump's decision to remove the U.S. from the Paris agreement won't move the muni needle.

Inflation expectations fell and consumers expect to spend less, according to the Survey of Consumer Expectations, released by the Federal Reserve Bank of New York on Monday.

Municipal market participants are eagerly awaiting the new issue slate to start rolling, as issuance is expected to be around the weekly average.

An audit of a California charter school operator raises questions about its use of bond funds.

The SEC under chair Jay Clayton will operate with two co-directors of enforcement, Stephanie Avakian and Steven Peikin, and at least one of them has experience with the municipal bond market.