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The state's momentum with rating agencies continued when Fitch elevated its special tax obligation bonds to AA-minus.

Daily report for May 27, 2021.

It could take the nation, heavily influenced by New York and California, 18 months to return to full employment, Fitch Ratings said.

A reported preliminary 25.8% drop in May issuance shows how strong fund inflows, improving credit and the reopening of governments are keeping the muni market issuer friendly.

The Detroit Financial Review Commission votes in June on a fourth one-year waiver that allows the city to manage its finances independently.

The Board will address several of Puerto Rico's authorities' fiscal plans and will have an update about PREPA's transition of its systems to the private operator, LUMA Energy.

The $304.5 billion highway section might pave the way for further bipartisan agreement on a wide-ranging infrastructure package.

Cruise ship ports in the U.S. may see some light at the end of the tunnel after more than a year without any departures because of the COVID-19 pandemic.

Robert Clarke Brown has joined the Board of Directors for the remainder of the fiscal year.

Rhode Island Health and Educational Building Corp. is marketing the $127 million issuance as social bonds.

Daily report for May 26, 2021.

Triple-A municipal benchmark yield curves were bumped one to two basis points, lagging a four basis point rally in U.S. Treasuries after weaker consumer sentiment and dovish comments from Fed officials moved equities lower.

U.S. central bank officials may be able to begin discussing the appropriate timing of scaling back their bond-buying program at upcoming policy meetings, Federal Reserve Vice Chair Richard Clarida said.

California Gov. Gavin Newsom and President Biden outlined separate plans Monday to increase spending to prepare for natural disasters.

Michigan officials raised revenue estimates by $2 billion this year and $1.5 billion in fiscal 2022 as the state economy beats early pandemic expectations.

The overhauled funding stream would allow the IRS to fairly enforce the tax code, modernize its IT systems, and improve taxpayer services, according to the bill's sponsor.

Morgan Stanley Chief Executive Officer James Gorman said he expects the U.S. Federal Reserve to begin tapering its bond buying toward the end of this year and start raising interest rates in early 2022, faster than the Wall Street bank’s own economists forecast.

While Jacques Jiha cited improved outlooks to stable from Moody's and S&P, skeptics warned of inadequate use of federal aid and lingering outyear budget gaps.

AmeriVet Securities appointed Mercedes Elias and Michael Naidrich as Co-CEOs.

Eli Dvorkin of the Center for an Urban Future suggests how New York City can save millions by improving its capital construction process. He also examines the city's tech growth. Paul Burton hosts. (23 minutes)