News and Information from Bond Buyer

The Treasury Department estimated it will borrow $59 billion in the second quarter of 2015 and end with a $260 billion cash balance.

Chicago's pension woes run so deep they pose a long-term fiscal threat even if the city overcomes pending legal and political hurdles to its stabilization efforts, Moody's Investors Service warns in a new report.

Average gasoline consumption falls to a 30-year low, threatening revenues from the main source of state and federal transportation funding.

Standard & Poor's upgraded its rating on South Dakota to AAA, giving the state one of only a handful of prized top ratings.

Standard & Poor's Ratings Services said it raised its issuer credit rating on South Dakota to AAA from AA-plus.

Chicago’s chief financial officer, Lois Scott, and municipal market participants, look back on her tenure as she prepares to leave the office after four years.

A bipartisan coalition of House members has introduced legislation that would require federal banking regulators to treat certain municipal securities held by large banks and other financial institutions as high-quality liquid assets

Michigan Gov. Rick Snyder is making a three-city campaign swing Monday as part of a last-minute bus tour urging voters to approve a controversial sales tax increase on Tuesday’s ballot.

Liftoff should be held until early 2016, Federal Reserve Bank of Chicago President Charles Evans said Monday.

Prices of top-rated municipal bonds were unchanged at mid-session, according to traders, as the market looks ahead to this week's $9.2 billion new issue slate. Trading is expected to remain subdued throughout the week, ahead of Friday's release of the April employment report.

Tim McGregor, director of municipal fixed income management at Northern Trust, says volatility is creating opportunities.

Tender rates for the Treasury Department's latest 91-day and 182-day discount bills were lower, as the three-months incurred a 0.015% high rate, down from 0.020% the prior week, and the six-months incurred a 0.070% high rate, off from 0.095% the week before.

Austin Energy, one of the 10 largest public utilities in the nation, will offer the market $435 million of bonds backed by system revenues as it keeps seeking environmentally friendly power sources.

The Treasury Department said Monday it will sell $30 billion of four-week discount bills Tuesday.

The Port Authority of New York and New Jersey is moving ahead with plans to replace Newark Liberty International Airport's aging monorail service.

Factory Orders Feb.: -0.1% March: +2.0% March: +2.1%

New orders for manufactured goods increased 2.1% in March, after dipping a revised 0.1% in February, first reported as a 0.2% increase, the Commerce Department reported Monday.

New York City business activity "accelerated" in April, as the current business conditions index increased to 58.1, from 50.0 in March, the Institute for Supply Management-New York's Report on Business index, released Monday, indicated.

After winning final passage in the Colorado House, a bill providing nearly $10 billion of pension bonds for the state retirement system must clear the Senate in two days.