News and Information from Bond Buyer

The nation's mayors are urging Congress to avoid "manufactured crises" like another federal government shutdown because cities are struggling more economically this year than last.

The Securities and Exchange Commission's $20,000 penalty on the Greater Wenatchee Regional Events Center Public Facilities District highlights the regulator's heightened focus on the municipal market.

Bankruptcy Judge Meredith Jury rejected another California Public Employees' Retirement System request for a direct appeal to the U.S. Ninth Circuit Court of Appeals on San Bernardino’s bankruptcy eligibility.

The pace of economic growth will quicken in 2014 and "somewhat more in 2015," after disappointing this year, Federal Reserve Bank of New York President and Chief Executive Officer William C. Dudley said Monday.

Tender rates for the Treasury Department's latest 91-day and 182-day discount bills were higher, as the three-months incurred an 0.080% high rate, up from 0.075% the prior week, and the six-months incurred a 0.100% high rate, up from 0.095% the week before.

The tax-exempt market opened on a quiet note Monday morning as traders waited for Jefferson County, Ala., to issue a second retail pricing for $1.8 billion of sewer revenue bonds.

Louisville, Ky.'s KFC Yum! Center bonds dropped farther into junk territory when Moody's Investors Service downgraded the senior lien bonds to Ba3 from Ba2.

The Treasury Department said Tuesday it will sell $45 billion of four-week discount bills Tuesday.

About a month into his first term, New York City investors – some of them skeptical – will get an initial glimpse of new Mayor Bill de Blasio’s approach to city finances, The Bond Buyer's Paul Burton writes. De Blasio, who will succeed Michael Bloomberg on Jan. 1, must present his first budget to the City Council in late January or early February. Barring a stunning 11th-hour agreement between Bloomberg and the unions, settling expired contracts of roughly 300,000 municipal workers the contracts will be on the new administration’s front burner.

Builders' confidence in the market for new single-family homes slipped as the National Association of Home Builders' housing market index remained at 54 in November, unchanged from a downwardly revised 54 in October, originally reported as 55.

Under the glare of bond rating agencies and banks, Scranton, Pa., Mayor Chris Doherty submitted a $130.2 million budget that closes a $20 million gap.

While banks have made significant progress raising capital levels since the Great Recession, increased focus on capital regulation has brought with it more complexity, making it harder for investors and the public to understand banks' financial conditions, Boston Federal Reserve Bank President Eric Rosengren said Monday.

Monday, November 18 Issuer St Description Amount

Monday, November 18 Issuer St Description Amount

Week Of November 18 Issuer St Description Amount

Week Of November 18 Issuer St Description Amount

Day Indicator Last Report Forecast Monday NAHB Housing Index Oct.: 55 Nov.: 55 Tuesday Employment Cost Index Q2: +0.5% Q3: +0.5% Wednesday CPI Sept.: +0.1% Oct.: unch Wednesday CPI Core Sept.: +0.1% Oct.: +0.1% Wednesday Retail Sales Sept.: -0.1% Oct.: +0.1% Wednesday ex-Autos Sept.: +0.4% Oct.: +0.1% Wednesday Business Inventories Aug.: +0.3% Sept.: +0.3% Wednesday Existing Home Sales Sept.: 5.290M Oct.: 5.150M Thursday Initial Claims Nov. 9: 339,000 Nov. 16: 335,000 Thursday Continuing Claims Nov. 2: 2.874M Nov. 9: 2.860M Thursday PPI Sept.: -0.1% Oct.: -0.2% Thursday PPI Core Sept.: +0.1% Oct.: +0.1% Thursday Philly Fed Mfg Survey Oct.: 19.8 Nov.: 15.5

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ALABAMA