News and Information from Bond Buyer

The Securities and Exchange Commission announced that it will meet next Wednesday to consider money market fund rules.

Nassau County, N.Y. experienced a 9% decline in sales tax revenues in the first half of 2014, a potential problem for a county with limited financial reserves.

A second debt service payment default was triggered after the Lombard, Ill., board voted not to honor its appropriation commitment on a portion of $190 million of bonds issued for a struggling hotel and conference center.

Birmingham, Ala. city councilor Sheila Tyson, saying her constituents can't afford Jefferson County's post-bankruptcy debt, is trying to boost public support for an appeal, as hearings commence.

Fitch Ratings said it downgraded to A-plus from AA-minus Bay City, Mich.'s $15,245,000 in outstanding limited tax general obligation bonds (LTGO), series 2004, 2004B, 2005, 2008A, 2008B, and 2010A and its implied unlimited tax general obligation (ULTGO) rating.

The Alameda Unified School District board of education gave the go ahead for a $180 million general obligation bond for school improvements to go on the November ballot.

House leaders on Thursday pledged to reinstate Build America Bonds within 100 days in the unlikely event that they win back the majority of the House.

Economic activity expanded in all 12 Federal Reserve Districts, with the growth termed "moderate" or "modest," yet Boston and Richmond reported growth slowed, according to the Beige Book, released Wednesday.

New York's MTA and a consortium of eight Long Island Rail Road unions resumed contract talks four days before the unions are authorized to strike

The Municipal Securities Rulemaking Board's proposal to simplify and harmonize its rules on professional designations has drawn applause from a dealers group.

Moody's Investors Service downgraded University Medical Center Corp.'s $330 million of debt to Baa2 and retained a negative outlook as a possible sale of the Tucson, Ariz. hospital develops.

Reno, Nevada, conducted a special budget workshop July 15 in an attempt to plug a $2 million hole created when a Washoe County District Judge filed an injunction on June 24 preventing the city from laying off 33 firefighters

Yields on revenue bonds from the $675 million negotiated part of the New York City Transitional Finance Authority deal were lowered during institutional pricing due to the heavy demand the bonds received during their two-day retail order period.

California regulators on Tuesday imposed statewide restrictions on outdoor watering that include potential stiff fines for those who refuse to comply

Calling for an interest rate hike "early next year, or potentially sooner," Federal Reserve Bank of Dallas President and CEO Richard W. Fisher, said Wednesday, "I believe we need an adjustment to the stance of monetary policy."

Builders' confidence in the market for new single-family homes grew as the National Association of Home Builders' housing market index climbed to 53 in July from 49 in June.

Morgan Stanley is scheduled to price $675 million of New York City Transitional Finance Authority tax-exempt fixed-rate revenue bonds for institutions on Wednesday.

The Government Development Bank for Puerto Rico will host a webcast on Thursday at 2:30 p.m. EST to update investors on Puerto Rico's fiscal and economic plans.

Industrial production rose 0.2% in June, the Federal Reserve reported Wednesday.