News and Information from Bond Buyer

Airline advocates told Senate Commerce Committee members at a hearing on Thursday that there is no need to almost double the federal passenger facility fee that airport executives contend is necessary to fund terminals and other facilities needed to meet projected growth in air traffic.

Gov. Tom Wolf announced the investment of $130.7 million for 12 non-point source, drinking water and wastewater projects across eight counties through the Pennsylvania Infrastructure Investment Authority.

StateTrust Investments, Inc. has been penalized $90,000 and censured by the Securities and Exchange Commission in a settlement over charges it broke Municipal Securities Rulemaking Board rules when it sold Puerto Rico bonds for an amount less than the issuer's specified minimum denomination.

Jefferson County, Ala., can proceed with an appeal related to the county’s bankruptcy exit plan, the 11th Circuit Court of Appeals in Atlanta ruled Wednesday.

Chicago-based David A. Noyes & Company is expanding into the primary underwriting market with the hire of Indiana muni veteran Tom Enright.

Los Angeles city officials say Mayor Eric Garcetti's 2015-16 budget proposal takes another large step forward toward resolving the city's structural deficit.

The Treasury Department Thursday auctioned $18 billion of five-year inflation-indexed notes with a 0.125% coupon, a negative 0.335% high yield, an adjusted price of 103.6230896

A Wasatch County, Utah, district that defaulted on $41 million of bonds for a wastewater treatment plant is accused of deliberate deception in a report from the state Auditor’s Office.

Standard & Poor's Ratings Services said it lowered its long-term rating and underlying rating for credit program on Greensburg Salem School District, Pa.'s general obligation debt one notch to A from A-plus.

Prices of top-shelf municipal bonds were weaker at mid-session, traders said, with yields on some maturities up by as much as two basis points.

Puerto Rico’s tax overhaul plan took shape this week as the commonwealth’s financial authority warned of a likely government shutdown within three months due to a lack of liquidity and ability to sell bonds.

The Treasury Department said it will auction $15 billion two-year floating rate notes on Wednesday, April 29.

The Treasury Department said it will auction $25 billion year bills on April 28.

The Treasury Department said Thursday it will auction $24 billion 91-day bills and $24 billion 182-day discount bills Monday.

The Treasury Department said it will auction $29 billion seven-year notes on Wednesday, April 29.

Rhode Island's serious financial challenges extend well beyond the headline 38 Studios bond financing controversy, said a report by Gurtin Fixed Income Management.

Manufacturing activity in the Federal Reserve Bank of Kansas City's region "declined further in April, although producers' expectations improved slightly from last month," according to the bank's monthly manufacturing survey, released Thursday.

Indicator Last Report Forecast Actual Existing Home Sales Feb. 4.890M March: 5.030M March: 5.190M

Sales of new single-family homes plunged 11.4% to a 481,000 seasonally adjusted annual rate in March, according to data released by the Commerce Department Thursday.

The municipal bond market on Thursday is looking to see the last of the week's big deals come to market.