News and Information from Bond Buyer

Puerto Rico Electric Power Authority may announce whether its bondholders agreed to extend a forbearance agreement on more than $8 billion of debt.

The Georgia Supreme Court should rescind its approval of the public financing for the Atlanta Falcons’ $1.4 billion stadium, according to a March 26 motion.

New York City's budget forecast in the coming years is "sound", but still faces risks that could alter estimates, according to a new report from the Independent Budget Office.

A Missouri city is asking a state judge to void its contract with the Missouri Joint Municipal Electric Utility Commission in the latest push back from local governments angry over higher energy costs tied to the controversial Prairie State coal plant project.

The Illinois Municipal Electric Agency heads into the market as soon as Tuesday with a $585 million revenue bond issue that will refund debt sold to help finance its participation in the controversial Prairie State coal-fired project and for an ownership stake in a Kentucky-based coal plant.

Prices of top-shelf municipal bonds closed mostly steady on Friday, traders said, as yields remained flat after rising on Thursday. For the week, munis stayed nearly unchanged in four out of the five trading sessions.

Faced with losing billions in federal funds for low income health coverage, Florida House and Senate Republicans are $4 billion apart on the 2016 state budget.

Congress will not find the revenue needed to fund a multi-year federal transportation bill before the most recent short-term fix lapses in two months, Rep. Paul Ryan, R-Ohio, said.

If estimates hold, the market is heading into a 12th week in a row with supply more than $8 billion, as issuers look to take advantage of historically low interest rates.

The San Bernardino, Calif. bankruptcy differs from other municipal bankruptcies because the city's leaders are unable to strike deals with creditors, Ambac Assurance Corp.’s attorney said

Long Island's Suffolk County struck an agreement with New York State to not expand its correctional facility this year resulting in long-term savings for the local government.

Congress should eliminate the state and local tax deduction and offset the deduction's removal with a reduction in marginal tax rates, a report from The Heritage Foundation argued.

Puerto Rico's unemployment rate plunged to a seven-year low in February, even as a survey of employers showed the number of people working for them slipped from January.

Prices of top-shelf municipal bonds were steady at mid-session, traders said, as yields were flat after rising on Thursday.

Georgia voters will decide whether to implement Gov. Nathan Deal’s plan that would allow the state to take over public schools that fail to achieve passing grades.

The Rapid Bridge Replacement Project is Pennsylvania's initial P3 and the first nationwide to bundle multiple bridges into a single procurement.

Illinois Gov. Bruce Rauner signed legislation Thursday to fill a $1.6 billion gap in the state's current-year budget largely with a one-time funding fix.

The municipal bond market is all set for next week’s holiday-lite new issue calendar. Traders on Friday were looking ahead to several big negotiated and competitive sales even as municipal bond yields have started to rise again.

Indicator Last Report Forecast Actual Initial Jobless Claims 3/14: 292,000 3/21: 290,000 3/21: 282,000 Continuing Claims 3/7: 2,417M 3/14: 2.403M 3/14: 2.416M