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Moody’s followed S&P in lifting Illinois’ outlook to stable, where it stood before the COVID-19 pandemic, but a lot more needs to happen for an upgrade.

Both personal income and expenditures dropped in February, while personal consumption expenditures also came in weaker than expected, meaning inflation remains in check for now.

Gov. Tom Wolf said the tax has become unreliable for funding the commonwealth's vast network.

Other detention centers and prisons operating near the U.S.-Mexico border have undergone similar IRS audits the last couple of years in which issuers have agreed to convert their bonds from tax-exempt to taxable.

Jeffrey Fladell, who retired from RBC Capital Markets in 2017, agreed to pay that fine while neither admitting nor denying FINRA's charges.

Daily report for March 26, 2021.

Moody's is the second rating agency this month to bring its outlook on Illinois to stable, though all ratings remain at the lowest investment grade.

Refinitiv Lipper reported more inflows into municipal bond mutual funds to the tune of $592.4 million. Initial jobless claims fell to the lowest point since the pandemic began, moving Treasuries weaker while equities saw gains.

The Dallas Area Rapid Transit Authority will seek a federal grant for the light rail tunnel with the support of the City Council.

Buttigieg's support of PAB financing comes days before the Biden administration plans to unveil its infrastructure proposal.

The nonprofit hospital sector gets a fiscal shot in the arm from federal actions but margins are likely to remain depressed this year.

The savings from the March 19 bond sale will be dedicated to Guam’s tourism recovery efforts as well as debt service.

American Relief Plan funds may also spare the city's reserves, but officials are waiting on the fine print from Washington to see what they can actually do.

A formula revision will boost funding for local governments most in need under the state's payment in lieu of taxes program.

Veneta Dimitrova, senior U.S. economist at Ned Davis Research, says the COVID pandemic showed us the government has more fiscal space than thought. She also discusses inflation, housing, the manufacturing sector, global supply chain challenges and the Fed’s balance sheet. Hosted by Gary Siegel. Taped Feb. 24. (32 minutes)

Daily report for March 25, 2021.

ICI reported another week of inflows at $2.23 billion. U.S. Treasuries strengthened further as COVID-19 concerns linger with shutdowns in Germany and spreads elsewhere. Equities were mixed.

The governor pointed out the advantages of the current low interest-rate market environment and the state’s low debt levels.

The federal Tennessee Valley Authority has been pushed to offer better terms to local utilities in the Southeast to keep them in its fold.

Under the Transit Tech Lab accelerator program, companies can pilot their technologies with several New York region transportation agencies.