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California Gov. Jerry Brown warns state legislators that increased spending could eat up the state’s recent revenue windfalls.

In the week ended Jan. 7, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index fell to 4.18% from 4.22% in the previous week. The BB40 Index is based on the price of 40 long-term bonds.

Faced with falling oil prices, New Mexico Gov. Susana Martinez called for a restrained approach to spending under a $6.5 billion budget that emphasizes education, safety and economic growth.

Illinois political dysfunction that’s driven a more than six-month-old fiscal 2016 budget stalemate won’t alone drive a downgrade, Standard & Poor’s says in a new report.

Municipal bonds finished stronger on Thursday, traders said, as the stock market panic in China once again caused volatility in U.S. markets.

Newly issued Treasury securities held in stripped form increased about $533 million in December to a total of $215.724 billion, the Bureau of the Public Debt reported Thursday.

Market participants expect a slower year for Oregon public finance, though some sectors could pick up and major policy questions about corporate and property taxes could see discussion.

The Federal Open Market Committee should raise rates very gradually, and Federal Reserve Bank of Chicago President and Chief Executive Officer Charles L. Evans said Thursday he'd like the FOMC to follow the most accommodative path on the Summary of Economic Projections' "dot plot."

The South Carolina Chamber of Commerce wants a $600 million increase in annual transportation funding.

Calling for a massive overhaul of New York’s Penn Station was easy for Gov. Andrew Cuomo. Now come the questions.

Congress must recognize that municipal bonds are critically important to financing state and local projects and must not do anything to raise their costs or threaten their use, Virginia Gov. Terry McAuliffe said Thursday on behalf of the nation’s governors.

Lisa Donahue, the chief restructuring officer for the heavily indebted Puerto Rico Electric Power Authority, will be one of four panelists testifying at a House Natural Resources Committee panel hearing on Jan. 12 about the commonwealth’s energy problems.

A busier New York State bond calendar is planned for the first quarter compared to early 2015, State Comptroller Thomas DiNapoli announced on Jan. 6.

Indicator Last Report Forecast Actual Initial Claims 12/26: 287,000 1/2: 275,000 1/2: 277,000 Continuing Claims 12/19: 2.205M 12/26: n/a 12/26: 2.230M