News and Information from Bond Buyer

The Puerto Rico Electric Power Authority will run out of money in the first half of 2016 if it cannot get creditors to agree to a financial restructuring plan, PREPA chief restructuring officer Lisa Donahue said at a House panel hearing on Tuesday.

Gov. Gina Raimondo named Richard Culatta, a former senior advisor to former U.S. Secretary of Education Arne Duncan, as Rhode Island’s first chief innovation officer.

The restrained budget proposed by California Gov. Jerry Brown will not require the state to issue short-term notes to smooth out cash flow in fiscal 2017, according to Fitch Ratings.

Missouri will go ahead with planned road work with unexpected jump in gas tax revenues and a five-year extension of federal highway funding.

The Chicago City Council votes as soon as Wednesday on more than $2.6 billion of bonding after a day-long finance hearing in which aldermen forced Mayor Rahm Emanuel's administration to downsize a GO bond request.

Charles W. Hoppe, president of Long Island Rail Road from 1990 to 1994, died at age 80, officials from New York’s Metropolitan Transportation Authority announced.

The Treasury Department Tuesday auctioned $24 billion of three-year notes with a 1.125% coupon at a 1.174% yield, a price of 99.855973.

The Treasury Department Tuesday auctioned $45 billion of four-week bills at a 0.220% high yield, a price of 99.982889.

Top-rated municipal bonds were weaker at mid-session, according to traders, while Chicago's $500 million of general obligation bonds were set to be priced in the primary.

Weaker results in the current fiscal year prompted one rating agency to shift its outlook on Michigan-based Trinity Health Credit Group's high-grade rating to negative ahead of its sale of $568 million of new-money and refunding bonds.

This week we update our analysis of export volumes. We also take a brief look at the relationship of municipals to Treasuries and its potential impact on supply.

The municipal bond market is set to see more supply hit the screens on Tuesday and many traders will be watching for the formal pricing of Chicago's $500 million of general obligation bonds.

After its first decade, Acacia ranks not only as the top woman-owned financial advisor in America, it's come in at No. 5 in the nation among all FAs for four years running, according to Thomson Reuters.

Small businesses were slightly more optimistic in December, as the National Federation of Independent Business' monthly Small Business Optimism index published Tuesday grew to 95.2 from 94.8 in November.

Former New York State Assemblyman Jerry Kremer gives his views on energy initiatives in the Empire State and across the nation with Northeast reporter Andrew Coen. Kremer founded the lobbying group Empire Government Strategies and also chairs the New York Affordable Reliable Electricity Alliance

Tuesday, January 12 Issuer St Description Amount

Tuesday, January 12 Issuer St Description Amount

Week Of January 11 Issuer St Description Amount

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