News and Information from Bond Buyer

Illinois Gov. Bruce Rauner hired financial advisory specialist Kelly Hutchinson from the firm A.C. Advisory to manage its debt as capital markets director.

Michigan Gov. Rick Snyder said he will sign a $1.2 billion road funding package that cleared the legislature late Tuesday after months of fits and starts during ongoing negotiations.

A state audit of Beaumont, Calif. found that the Southern California city failed to properly track spending of $626 million in bonds.

House leaders hope to have a final vote Thursday on a six-year, $325 billion transportation funding bill.

Texas voters approved a new transportation funding formula that could provide $2.5 billion for highways, but the money will not start flowing right away.

One day after $6.4 million in Maine’s 2010 voter-approved land conservation bonds expired, the state’s voters overwhelmingly passed referendums that authorize borrowing of $100 million for transportation and affordable senior housing projects.

Prices of top-rated municipal bonds were steady at mid-session, traders said, as a second wave of new issuance washed over the market on Wednesday.

Municipal bonds would be hurt under Republican presidential candidates’ tax reform proposals because the plans would lower or eliminate individual and corporate income tax rates, congressional observers said.

While the MTA's $29 billion capital plan is under review by a panel in Albany, the sniping remains in New York.

Like Depression-era Arkansas, Puerto Rico took on too much debt, leading to a crisis when the worldwide economy shrank. But there are some key differences.

State Rep. Karen MacBeth wants the Rhode Island State Police and Attorney General to investigate Michael Corso's activities related to the 38 Studios bond fiasco.

The U.S. services sector expanded at a faster pace in October as the non-manufacturing business activity composite index was 59.1 in the month, compared to 56.9 in September, on a seasonally adjusted basis, the Institute for Supply Management reported Wednesday.

Municipal bond traders were set for the second wave of new issuance to hit the market on Wednesday while they kept watch on upcoming Congressional testimony from Federal Reserve Chair Janet Yellen and speeches from several other Fed officials, although none were scheduled to discuss monetary policy.

The Treasury said it will raise $3.6 billion in new cash with its quarterly refunding, selling $16 billion 30-year bonds on Nov. 12, $24 billion 10-year notes on Nov. 10 and $16 billion three-year notes on Nov. 9.

Private-sector employment increased by 182,000 in October, on a seasonally adjusted basis, ADP reported Wednesday.

Voters in the Dallas Independent School District Tuesday approved a $1.6 billion bond referendum that will allow the building of new schools, addition of classrooms and fund repairs.

Wednesday, November 4 Issuer St Description Amount

Wednesday, November 4 Issuer St Description Amount