News and Information from Bond Buyer

Friendly market provisions, including a direct-pay bond program and restoration of advance refundings, will head to full House after approval by Ways and Means Committee.

Chicago Mayor Lori Lightfoot chose San Antonio schools superintendent and former CPS CFO Pedro Martinez to lead the district ahead of a major governance shift.

While falling to the lowest amount of inflows since June 2, the total for the year according to ICI at $72 billion, is still on pace to come close to or break the record, $93.2 billion, hit in 2019.

Ridership on the RTA's three service boards remains sharply below pre-pandemic levels but it benefits from coronavirus relief and stellar sales tax performance.

Convention centers and hotels suffered another steep drop in business revenue in 2021, a survey shows.

David Rubulotta and Brant McDuffie will take the helm of the fixed income capital markets division at Stifel Financial Corp.

Judge Swain rejected the governor's request to stay the board's suit until November.

The “tool kit” legislation expands powers of the Local Government Commission, including a last-resort legal process for voluntary or involuntary dissolution.

Massive market returns coupled with rising contribution rates, led by worst-funded states like Illinois and New Jersey, boosted state retirement systems.

SEC Chairman Gary Gensler signaled he wants to bring greater efficiency and transparency to municipal bond market

The pandemic is changing the game for performance management. It's time to evolve the financial services model.

He made his announcement at an under-construction elementary school to underscore a $250 million construction bond he championed.

Large new issues from California, New York utilities and airport deals were repriced to lower yields and remained the focus for the municipal market, again ignoring a swing by U.S. Treasuries.

Moody's says Guam needs to be ready to respond to shortfalls.

Legislation backed by Illinois Gov. J.B. Pritzker gives two municipally owned coal plants more time to cut carbon emissions but they still face closure in 2045.

The draft House reconciliation bill includes a provision that would treat native tribes the same as states for the sake of tax exempt bond issuance, eliminating the burdensome essential governmental function test.

The proposed changes would reduce the volume of disclosures dealers have to make to customers each year.

SALT relief was not part of the initial language in the reconciliation bill, but several moderate Democrats say they won't support the legislation without it.

With the 20th anniversary of the 9/11 attacks still fresh in our minds, Michael Barasch, managing partner at Barasch & McGarry, says less than 8% of the civilians who were in Lower Manhattan that day and the months after have registered for free federal programs offering health care protections and benefits. Municipal bond industry workers who worked or lived downtown in the several months that followed 9/11 can benefit from these programs too. Chip Barnett hosts. (15 minutes)

Market participants welcomed the municipal-related provisions in the reconciliation bill but are hesitant to start making bets on its passage.