News and Information from Bond Buyer

The Chicago Fed National Activity Index for March decreased to 0.08 from a downwardly revised 0.27 in February, the Federal Reserve Bank of Chicago reported Monday.

Jeff Morales, head of California's High-Speed Rail Authority, announced his resignation.

Aiding homeless people and improving transportation are priorities for L.A. Mayor Eric Garcetti.

The municipal market is set to see a bump in new supply next week, something that market participants have been craving.

The Iowa fertilizer project used more than $1 billion of private-activity borrowing.

Puerto Rico got positive revenue and economic news for March.

Former Vice President Joe Biden urged transportation planners to get out of their comfort zone.

Sanctuary cities and others are warning investors about Trump threats of federal grant cuts.

Trump’s 2018 budget will include $200 billion of new infrastructure spending, OMB director Mick Mulvaney says.

The federal government’s attempt to restrict international travel from some Mid-Eastern countries could cost the city and state of New York over $100 million in lost tax revenue this year, the New York City Council was told on Thursday.

Virginia’s budget imbalance stemming from soft revenue growth and spending down its savings led S&P Global Ratings to revise the outlook to negative on the state’s AAA general obligation rating.

Mnuchin says the administration will come out with a comprehensive tax reform plan soon and is working on broad financial reform and repealing or fixing burdensome tax rules.

The Gateway plan to add a second rail tunnel linking New Jersey with Manhattan has funding challenges.

Atlantic City’s new proposed structurally balanced budget is a credit positive for the junk-rated city, according to Moody’s Investors Service.

Municipal bonds were unchanged at mid-session, according to traders, who were looking ahead to next week’s new issue calendar. Ipreo estimates volume at $8.26 billion, up from a revised total of $5.94 billion this week, according to updated data from Thomson Reuters.

Oregon implemented a state government hiring freeze.

The Federal Reserve expectations of three rate hikes this year still stand, Federal Reserve Board Vice Chair Stanley Fischer said in a televised interview Friday.

Assured Guaranty and Orrick, Herrington & Sutcliffe LLP increased their leads in the municipal bond insurance and bond counsel rankings in the first quarter, as political uncertainty and higher interest rates cut into the volume of transactions.

The rating pains of Illinois' public universities took a turn for the worse.

The next Fed rate hike does not matter as much as fiscal policy, Federal Reserve Bank of Minneapolis President Neel Kashkari said Friday.