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Government

Milwaukee will take competitive bids Thursday on $180 million of revenue anticipation notes to smooth out the cash flow needs of Milwaukee Public Schools.

St. Louis was downgraded ahead of its $25 million general obligation sale planned for later this month.

A group of Detroit retirees may ask the full appellate court to consider its failed appeal aimed at restoring pension cuts imposed as part of Detroit’s Chapter 9 restructuring.

Top flight municipal bonds weakened Wednesday, as traders said yields rose by as many as 7 basis points amid a flood of bond sales that included roughly 10% of the week’s issuance in one deal.

The city of Miami will consider paying $1 million, as recommended by City Attorney Victoria Mendez, to settle a Securities and Exchange Commission’s lawsuit.

S&P Global says U.S. could rebuild its public infrastructure through the repatriation of overseas corporate earnings.

Puerto Rico Gov. Alejandro García Padilla told the Oversight Board that his government has already taken extensive austerity measures in a relatively poor society and that further austerity isn't the way to go.

Municipal strategist George Friedlander and Citigroup, Inc. are parting ways on Oct. 5 after roughly four decades.

Chicago penalized Wells Fargo on two fronts Wednesday over its phony accounts scandal.

Municipal bond traders were hit with a huge wave of new issuance on Wednesday, as yields on some maturities rose as much as seven basis points.

Pennsylvania's local pension funding problem requires a comprehensive state-level fix, said state Auditor General Eugene DePasquale.

The Philadelphia Parking Authority is facing a probe from Pennsylvania’s auditor general following multiple sexual harassment allegations.

Charlotte, N.C., will buck a recent trend and keep embattled Wells Fargo Securities on its sale of up to $150 million of general obligation bonds, saying the investment bank has served the city well.

Dealer groups are warning that a Municipal Securities Rulemaking Board proposal to require dealers to disclose their markups and markdowns in certain transactions would be overly complex and hurt liquidity.

One of the most pronounced indicators of the improvement in Florida's economy is the decline in poverty rates.

Indicator Last Report Forecast Actual ADP Aug.: +175,000 Sept.: +170,000 Sept.: +154,000 International Trade July: -$39.5B Aug.: -$40.0B Aug.: -$40.7B Factory Orders July: +1.4% Aug.: -0.2% Aug.: +0.2%

About 4,722,300 online job postings appeared on leading internet job boards in September, a decrease of 93,800 from August, the Conference Board reported Wednesday.

The U.S. services sector climbed in September as the non-manufacturing business activity composite index was 57.1 in the month, compared to 55.5 in August, on a seasonally adjusted basis, the Institute for Supply Management reported Wednesday.

Municipal bond traders are set to see some of the largest deals of the week hit the screens on Wednesday, topped by a $1.5 billion sale for Harvard University.