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Daily report for June 24, 2021.

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

The U.S. economy will likely meet the Federal Reserve’s threshold for tapering its asset purchases sooner than people think, said Dallas Fed President Robert Kaplan, who has penciled in an interest-rate increase next year.

Federal Reserve Bank of Atlanta President Raphael Bostic said the central bank could decide to slow its asset purchases in the next few months and he favored lifting interest rates in 2022 in response to a faster-than expected recovery from COVID-19 pandemic.

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%.

Daily report for June 23, 2021.

A volatile U.S. Treasury market and month-end positioning are pressuring municipal yield curves.

Federal Reserve Chair Jerome Powell said the price increases seen in the economy recently are bigger than expected but reiterated that they will likely wane.

LSC plans to submit a proposal to the Texas Higher Education Coordinating Board that would allow it to offer a Bachelor of Science in emergency management degree under a new state law.

Trying to break a logjam that has stalled clean energy legislation, Illinois moved back a decommissioning date by 10 years for Prairie State and Springfield's Dallman 4 plant.

Excessive payments to 24 employees exceeded $470,000 between 2005 and 2018, according to the Massachusetts inspector general's office.

A discussion about raising interest rates is still quite a ways off as the Federal Reserve begins debating tapering its bond-buying program, New York Fed President John Williams said.

John Hallacy, founder of John Hallacy Consulting LLC, talks with Chip Barnett about the pandemic’s lingering credit impacts on state finances in a wide-ranging discussion of the many issues affecting the municipal market today. (17 minutes)

The agreement over middle-class tax relief could set the stage for passage of the fiscal 2022 budget.