News and Information from Bond Buyer

The newly installed Fed vice chair for supervision outlined his vision for his role in his debut policy speech last week. Advocacy groups are happy, but have some unanswered questions.

The rating agency cited progress on long-term fiscal stability and budgeting in its decision.

Fitch said the upgrade reflects lessened risk "as Vogtle Units 3 and 4 approach their scheduled commercial operation dates in 2023."

Even after investors received an infusion of $18 billion of matured and called bond proceeds on Sept. 1, muni prices have continued to weaken, note CreditSights strategists Pat Luby and John Ceffalio.

Fitch raised Wayne County's rating to A from BBB-plus, putting its fiscal distress further in the rearview mirror following a round of upgrades this year.

Removing the passenger facility charge cap of $4.50 would provide airports with more flexible and consistent funding options to help them become more self-reliant, a Reason Foundation study said.

With Texas reporting a double-digit revenue increase in fiscal 2022 and projecting a record budget surplus, Gov. Greg Abbott wants a large property tax cut.

The rise of ESG investing exemplifies supply meeting demand in the free market, but some conservative leaders seem to have forgotten their Econ 101.

The calendar for the week of Sept. 12 is at $6.6 billion while Bond Buyer 30-day visible supply sits at $14.15 billion.

The Oklahoma Turnpike Authority has asked the state Supreme Court to validate bonds that would commence funding for a $5 billion, 15-year extension project.

Capital Market Advisors responded to the Securities and Exchange Commission's claims that the charges are inconsistent or in excess of those imposed by the applicable laws.

The Inflation Reduction Act gives $30 billion worth of tax credits to existing U.S. nuclear facilities , but it remains to be seen how much the subsidies move the long-term credit needle.

The state will hold an in-person and remote investor meeting Sept. 21 before heading into the market the following week.

The state board that oversees the city's finances heard a positive assessment of the Big Apple's fiscal picture, tempered with a wary gaze into the future.

The Bond Buyer conference, held online in 2020 and 2021 because of the pandemic, returns in person Monday in Los Angeles for the first time since 2019.

The upgrade "reflects material strengthening of the state's financial resilience and budget management, particularly over the past two biennia," the rating agency said.

Judge Swain grants the mediation team's request for an extension until Sept. 16 and possibly longer.

The decision follows months of turmoil that left the city without an approved budget well into the new fiscal year, said Moody's analyst Douglas Goldmacher.

Outflows from municipal bond mutual funds receded as investors pulled $1.090 billion out of funds in the latest week, versus the $3.416 billion of outflows the prior week, according to Refinitiv Lipper data.

A national conference is planned for the spring to bring together states, utilities and the private entities that will own and operate the national EV charging station system.