News and Information from Bond Buyer

The $325 billion, six-year transportation bill set for a vote this week in the House falls short of the level of funding needed, President Obama said.

Alaska Gov. Bill Walker announced Monday that he has accepted financial support from the Federal Emergency Management Agency's Public Assistance Program to address damage caused by an August storm in the North Slope Borough.

Agreements settling construction disputes over new nuclear units in Georgia and South Carolina are positive credit factors for the public and private owners of the projects, according to Moody's Investors Service.

With no state money flowing in due to a four-month long Pennsylvania budget battle, the Philadelphia School Reform Commission has approved new borrowing for the city's schools.

The Municipal Securities Rulemaking Board filed a rule with the Securities and Exchange Commission on Tuesday that would require certain brokers, dealers and municipal advisors registered with the MSRB to participate in its business continuity and disaster recovery testing.

The former CEO of Queens Library in New York City sued the library in federal court, saying it fired him for cause to deny him more than $2 million in severance.

Investortools Inc., a provider of fixed-income analytics software, will incorporate Kalotay Analytics' tax treatment methodology into its Perform product to enhance clients' information on municipal bonds.

New York City ended fiscal 2015 with a $5 million surplus, city Comptroller Scott Stringer said in the city's annual comprehensive annual financial report.

The parent of the biggest insurer of Puerto Rico Electric Power Authority bonds won a “buy” rating on the expectation that PREPA will soon come to an agreement in which bond insurers will suffer minimal losses at worst.

Prices of top-rated municipal bonds were steady to slightly weaker at mid-session, according to traders, as lots of new deals came to market, led off by two competitive sales totaling over $500 million from Nevada's Clark County School District.

The Treasury Department Tuesday auctioned $50 billion of four-week bills at a 0.070% high yield, a price of 99.994556.

Rhode Island and Michigan top the list of most improved States over the last year. Notable underperformers from the bottom ten are New Jersey, Pennsylvania, and Virginia.

Long before Puerto Rico's debt crisis, Arkansas' defaults were followed by a decade of refundings, a debt exchange, and ultimately Federal help to resolve its problems.

Indicator Last Report Forecast Actual Factory Orders Aug.: -2.1% Sept.: -0.9% Sept.: -1.0%

New York City business activity "bounced back sharply after the first contraction in eight months," in October, as the current business conditions index surged to 65.8, from 44.5 in August, the Institute for Supply Management-New York's Report on Business index, released Tuesday, indicated.

Municipal bond traders on Tuesday are set for the start of this week's new issue calendar, topped by two competitive sales totaling over $500 million coming from Nevada's Clark County School District.

Tuesday, November 3 Issuer St Description Amount

Tuesday, November 3 Issuer St Description Amount