News and Information from Bond Buyer

Economists in Puerto Rico panned the proposal to raise the rate to $9 per hour saying it would hurt businesses.

Making it a summer Friday, munis were quiet. Participants contemplate why the market underperformed taxables to the degree they did when fundamentals are objectively strong and little has changed since before the FOMC.

State and local government groups want the focus on reinstating tax-exempt advance refunding bonds and expanding the current financing tools.

India Walton, a registered nurse and union activist, stands to become the first self-declared socialist to oversee a major American city in decades.

According to State Comptroller Thomas DiNapoli, the brighter outlook could prompt increased rain-day deposits.

Over the years, Assured Guaranty has been open to guaranteeing in the U.K. and most of Europe, Australia, and New Zealand and through AGM in the U.S. they cover certain transactions within the Latin American region.

The county that includes Chicago projects a surplus this year that will replenish a reserve draw and a modest $121 million gap is projected next year.

The final new issues of the week close with some bumps in repricings while the secondary was quiet.

Facing lawsuits and federal opposition, the Texas Department of Transportation had to pause the $7.5 billion North Houston Highway Improvement Project.

One big area of spending growth has been Medicaid health services for the poor, which is on track to jump by 12.5% in the current fiscal year.

Under Hawaii's system, the governor, David Ige, signals his intent to veto and then negotiates with lawmakers before making them formal.

The shift means that lease-revenue bonds supporting federal leases will no longer be notched off the federal government’s rating.

Fitch revised Illinois' outlook to positive but the rating remains BBB-minus, the lowest investment grade.

Following the change, S&P now views all U.S. public finance sectors as stable with the exception of higher education.

Triple-A benchmark yields moved higher by as much as five basis points while ICI reported another $1.8 billion of inflows and ETFs increase their share by $841 million.

As infrastructure talks unfold in Washington, the likelihood of higher taxes may be waning, at least in the short run.

The board set a noon Thursday deadline for repeal of Act 7, otherwise it will seek a legal remedy.

Governor expected to call for more crackdowns on voting, teaching of race theory in public schools.

A new administration in Washington and the power of coastal atmospheric patterns may boost wind-turbine electricity generation in the Southeast.

Eric Adams, Maya Wiley and Kathryn Garcia are the top three, though under the new system, determining a winner could take weeks. For comptroller, City Council member Brad Lander had a solid lead over council Speaker Corey Johnson, 31.5% to 22.7%.