News and Information from Bond Buyer

Philip Jefferson was the Biden administration's pick for the Fed's number two position following the departure of Lael Brainard earlier this year. Two more Fed nominees are expected to get confirmation votes this week.

Trinity Regional Hospital Sachse filed for Chapter 11 bankruptcy after problems left it unable to pay municipal bond debt service or cover operating expenses.

While the university remains current on bond payments, it is not financially stable, sources say.

Sunday is the mid-point of the 2023 Atlantic hurricane season. AccuWeather expects at least one or two more tropical storms or hurricanes to hit hit the U.S.

The North Alabama operator priced $190 million of revenue bonds Aug. 29 to support among other things the purchase of an orthopedic physicians' practice.

Investors remain hesitant about "jumping back into munis even as rates are nearing multi-year highs as tax-exempts are still not cheap enough with the front-end ratios still yielding under 70% while the historical averages are around 90%," AmeriVet Securities' Jason Wong noted.

The Department of Treasury had until Aug. 31 to file an appeal and failed to do so.

"As an investor I'm not looking at the activity of the stadium as the security," said an Illinois sports authority bondholder of potential exits by the White Sox and Chicago Bears.

The top three co-managers have an average dollar volume of more than $5 billion as of the end of June 2023.

Sports wagering is forecast to increase the state's revenue by about $23 million a year when it's fully implemented. Retail locations open this week and mobile applications go online at the end of the month.

Breckinridge's Ruth Ducret discusses how her firm takes ESG factors into consideration into their credit and investment strategies, the market's vulnerabilities in the face of climate change and how transition risk is a real threat. Lynne Funk hosts. (33 minutes)

Investor-owned Georgia Power will recover from ratepayers capital costs for the over-budget construction of two new nuclear reactors, if a state board approves.

The calendar will rebound with an estimated $7.141 billion next week with $6.323 billion of negotiated deals on tap and $817.6 million on the competitive calendar.

The EPA did not seek public comment before revising the rule overseeing polluted waterways.

U.S. airports collectively face $151 billion of infrastructure needs over the next five years, the bulk of which is tied to terminals, according to the Airports Council International.

The city, which issued POBs in 2005, is awaiting recommendations from an actuary on how to deal with a $3 billion unfunded liability in its public safety fund.

State economists announced during a forecast presentation to lawmakers that taxpayers will see a record "kicker" rebate when they file next year's taxes.

Refinitiv Lipper reported $407.976 million of inflows from municipal bond mutual funds for the week ending Wednesday after $534.428 million of outflows into the funds the previous week.

Moves to reschedule marijuana down to a Schedule III drug would lower taxes local cannabis businesses pay.

Former Mayor Harry Sidhu pleaded guilty to federal corruption charges this month, as the city continues to recover from the year-plus closure of Disneyland.