News and Information from Bond Buyer

Municipals saw little activity on Monday as the market prepped for the bulk of the week's $7B primary calendar arriving Tuesday and Wednesday.

Low interest rates, looming CalPERS amortization changes and pandemic-related budget hits were cited as factors in the record year for California POB deals.

Gov. Bryan vetos bill that would have brought in a turnaround company to determine WAPA's status.

The Senate highway bill proposes a national pilot program for a motor vehicle per-mile user fee.

Sen. Pat Toomey of Pennsylvania, the top Republican on the Banking Committee, told three Federal Reserve regional presidents that a series of events tied to the impact of racism on the job market and housing systems is not within the scope of the central bank.

Phoenix's Major League Baseball team has a new state bond authorization in its pocket as it decides whether or not it should keep its 23-year-old stadium.

Oklahoma can cut taxes and boost school funding while expanding Medicaid coverage thanks to healthy revenues.

Strong technicals have been the theme, and with federal aid and better-than-expected tax receipts coming in, issuers are not tapping the market as much as investors would hope.

FINRA arbitrators ordered the wealth manager and closed-end funds manager to pay damages as it resolves outstanding claims stemming from the island’s fiscal crisis.

PNC's Nicholas Falgione was a veteran banker remembered as an innovator among his peers.

Illinois won't wait for the Treasury Department to consider its request to add COVID-19-related debt repayment as an eligible use of ARP funds.

In what one critic called a "riverboat gamble," Mayor Jorge Elorza in Rhode Island's capital city seeks $704 million to pump into a severely unfunded system.

Alex Elegudin revealed confidential information to a paratransit vendor during a competitive bidding process, according to Carolyn Pokorny's office.

Analysts are taking the view that muni investors expect higher taxes and are brushing off inflation concerns. U.S. Treasuries are another story.

While its budget does not include debt service, the executive director said she anticipated amending it in the coming fiscal year once the plan of adjustment is finalized.

While cryptocurrencies could have benefits, they have “not served as a convenient way to make payments, given, among other factors, their swings in value,” said the head of the Federal Reserve. He also detailed imminent Fed research on a central bank digital currency.

The state Supreme Court upheld with the original circuit court ruling tossing out the lawsuit, which sought to invalidate more than $14 billion of GO bonds.

Reinstatement of tax-exempt advance refunding bonds appears to have the broadest support because of its nearly universal impact on state and local issuers as well as nonprofits.

Bondholders tend to insist projects be well maintained, a potential advantage.

With the heavily traveled Interstate 40 bridge over the Mississippi River closed for repairs, Arkansas and Tennessee are seeking federal aid to cover the cost.