News and Information from Bond Buyer

The New York City Council voted Melissa Mark-Viverito, a favorite of new Mayor Bill de Blasio, as council speaker, arguably the city's second-most powerful position.

Consumer credit increased by $12.3 billion, or 4.8%, in November to $3.087 trillion, the Federal Reserve reported Wednesday.

Lawmakers next Tuesday will begin considering reauthorizing the federal surface transportation funding program at a hearing held by the House Transportation and Infrastructure Committee.

Two groups are asking the Securities and Exchange Commission to delay the municipal advisor rule compliance deadline until July 1 for asset managers who manage swaps or securities-based swaps in the portfolios of their municipal clients. They also asked for an exemption from the rule.

New York State, New York City, and their authorities plan to sell $3.93 billion of bonds in the first quarter of this year.

Many members of the Federal Open Market Committee believed that the committee needed to "proceed cautiously" in beginning to taper its asset purchases and signal that additional reductions in the pace of purchases would be done in "measured steps," according to minutes of the panel's December meeting, released Wednesday.

Texas sales tax revenue rose 3.9% in December to $2.25 billion compared to December 2012 but fell below November's record $2.41 billion.

Texas Department of Transportation chief financial officer James Bass will become interim executive director with the departure of Phil Wilson.

The developer of Stonewall Jackson Lake State Park Resort in Roanoke, W. Va., says plans for new lodging will help pay defaulted municipal bonds issued for the project.

The municipal market picked up speed as Wednesday's session crossed over into the afternoon.

The Treasury Department auctioned $21 billion of 9-year 10-month notes with a 2 3/4% coupon at a 3.009% high yield, a price of 97.805126.

Northeastern University has scheduled a $250 million bond sale, with proceeds to help fund construction of a science and engineering building.

Both supporters and opponents of the statewide pension reform initiative take issue with California Attorney General Kamala Harris's summary of the measure prepared for the November ballot.

Minnesota will sell $468 million of state general fund appropriation bonds next week to raise funds for the public share of building a new $975 million football stadium for the Minnesota Vikings.

The Municipal Securities Rulemaking Board's revenue fell 2% in fiscal year 2013 from the previous year, due to decreases in revenue from both underwriting fees and fines for rule violations, according to data included in the self-regulatory organization's annual report.

The tax-exempt market has slowed Wednesday morning as some larger accounts look to move block-sized paper with few takers.

Los Angeles County Sheriff Lee Baca announces plan to retire at end of the month even as 18 current and former sheriff's deputies face charges.

The Puerto Rico government is taking steps to shift up to $2.8 billion in public deposits from private banks to the government's bank, the Government Development Bank of Puerto Rico.

Wednesday, January 8 Issuer St Description Amount

Wednesday, January 8 Issuer St Description Amount