News and Information from Bond Buyer

The county supervisors follow a similar declaration from Los Angeles Mayor Karen Bass to speed up efforts to deal with the homelessness crisis.

Missouri Republican Sam Graves, a professional pilot, has said he hopes to achieve a bipartisan reauthorization of the federal aviation budget, a key item for the committee this year.

Most of the blame is placed on overall poor marketplace performance, strict monetary policy, and the war in Ukraine. 

The 150-acre facility is expected to create about 200 local full-time positions and between 500 and 1,000 indirect local jobs.

The top municipal underwriters accounted for $359.725 billion in 7,896 issues in 2022, down from $457.080 billion in 11,860 transactions in 2021.

"There was strong demand for the Pennsylvania Housing Finance Authority deal, which was three times oversubscribed," said a New York trader.

While the bill has wide support in the Puerto Rico House of Representatives, the Oversight Board has yet to offer its opinion.

The SEC is required to consult with municipal market participants when crafting the new disclosure data standards.

Rep. Jason Smith sold colleagues on his intentions to strictly oversee the Biden administration.

The CTA and its fiscal parent, the Illinois RTA, will try to build a coalition for future funding to face the fiscal reckoning after federal COVID-19 aid ends.

Most top 10 issuers are from New York and California, with four from New York and two from the Golden State.

A family earning Miami's median city income would need to spend 85% of their paycheck to buy Miami's median-priced home, said the firm RealtyHop.

Christopher Thornberg, founder of Beacon Economics and Marc Joffe, a senior policy analyst at Cato Institute, drill down into the economic health of the San Francisco Bay Area amid widely-reported tech industry layoffs.

Gov. Henry McMaster wants to fuel capital development while avoiding new debt and is asking lawmakers to approve billions in one-time allocations.

This week's "manageable" calendar will continue what has been a quiet start to the new year in the municipal market, according to John Mousseau, president and chief executive officer and director of fixed income at Cumberland Advisors.

Significantly fewer households expected to be in worse shape in the coming year than was the case last summer, according to a December survey. The results are a positive sign for banks at the start of earnings season.

Illinois Gov. J.B. Pritzker signed legislation sending a portion of the state's surplus to the budget stabilization fund and raising the target balance.

Most recently a California deputy treasurer, Schaefer was a trader, a banker and advisor with a deep legacy as a municipal bond market expert and mentor.

Small businesses that are certified to work for either Chicago or Philadelphia's transit agency will now be able to work for the partner agency as well.

Esther George, the president of the Federal Reserve Bank of Kansas City, is retiring later this month. What's taking the bank so long to find a successor?