News and Information from Bond Buyer

The state could see nearly $45 billion, the lion's share for highways and public transportation.

Randal Quarles, who oversaw an easing of post-financial crisis rules as the Federal Reserve’s vice chair of supervision, announced he will resign at the end of this year. His departure will leave President Biden with another open seat to fill on the central bank’s board.

Dallas Area Rapid Transit is enjoying a lift in tax revenues amid a drop in ridership during the pandemic.

S&P said the AA-minus rating on the city’s limited ad valorem and non-ad valorem bonds was supported by Miami's strong economic recovery.

Richard Li is leaving the Milwaukee comptroller's office after nearly two decades to work on Connecticut's state debt issuance.

Two major pieces of President Joe Biden's domestic agenda, which carry implications for the municipal bond market, advanced in the House Friday.

The long end of the municipal curve rallied under a backdrop of stronger-than-expected October jobs data and upward revesions to the prior two months ahead of the arrival of $9.6 billion next week.

While this hurdle has apparently been cleared, the road to approval for the Plan of Adjustment remains bumpy.

Moody's joined the other three rating agencies in returning O'Hare's outlook to stable as Chicago plans to tap an up to $2.3 billion new money and refunding authorization next year.

The rating upgrade reflects “sustained reduction in its long-term liability burden and Fitch's expectations of a stable burden going forward."

A first-time home buyer program would be fueled by a huge bond component, if Sen. Robert Hertzberg gets lawmakers to put it on the ballot and voters approve it.

The county said the increase in shipping volume at the port didn’t cause any congestion for boats or delays in product shipments.

Eric Adams must deal with the COVID-19 pandemic's lingering effects, which include new remote-work patterns that may affect tax revenue and real estate values.

CDFA is advocating for a holistic solution from Congress to address private activity bond challenges.

The board's 8th debt restructuring plan improves funding for a pension trust as well as eliminating cuts to benefits for current retirees, just ahead of the confirmation hearing that begins Monday.

For 35 weeks in a row, investors have put cash into municipal bond funds as Refinitiv Lipper reported $603 million of inflows while high-yield funds eked out a gain of slightly more than $1 million.

The outlook revisions boosts a city with some $8 billion in borrowing in the works, including more than $1 billion before the end of this year.

The municipal bond market is closely watching proposals from the House and the Senate to overhaul the SALT federal deduction cap.

California faces a $117 billion highway repair backlog and the highest gas tax in the country. The question is whether the fuel-tax funded SB 1 is doing enough.

While the economy is stronger than a year ago, it is still down from two years ago.