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The budget, a continuation from the previous fiscal year, was called too austere by some critics.

The pandemic and the resultant lockdowns have hit employment in the 50 states worse than they have on the island, which saw a 1.6% decline.

Illinois rode the tailwinds of market demand for higher-yielding paper and its rosier fiscal picture, sending its primary market spreads to their lowest since 2014.

Daily report for March 17, 2021.

A repricing of Illinois GOs saw the bonds bumped by 12 to 20 basis points from Tuesday's preliminary pricing wires and 17 to 25 basis points from Monday's price talk.

Advocates for state and budget officials say there is enough ambiguity in the legislation to warrant guidance from the Treasury Department.

The legislation is likely to end up as part of a larger infrastructure bill.

BJC Health System is selling $805 million of mostly refunding debt with its ratings and balance sheet intact as its manages COVID-19 pandemic wounds.

A bill backed by the Municipal Employees’ Annuity and Benefit Fund underscores the fiscal strains created by Chicago's pension underfunding.

The twin ports of Long Beach and Los Angeles reported a 50% increase in imports in February on a year-over-year basis.

Social bonds represent a new milestone in the education space and a key to unlocking the door to impact investments.

Paul Gray, co-founder of IronHold Capital, links the unfunded liability problem to bad public policy decisions and bad hedge-fund actors. Paul Burton hosts (13 minutes).

Daily report for March 16, 2021.

Big banks led the push to offer multibillion-dollar bonds that fund affordable housing, education and nonprofits that serve needy communities. But Truist's recent $1.25 billion bond is a sign that regionals want to attract progressive institutional investors — and burnish their images.

A reversal of fund flows and the arrival of the economic aid for states and local governments helped boost the market's morale ahead of $10 billion in new-issues supply this week.

At issue is at least $340 million, the cities claim they are not liable for. The suit could impact the viability of the proposed plan of adjustment, but sources say the suit is unlikely to succeed.

The pair of unregistered brokers will pay over $2 million in civil penalties.

Denver is selling $274 million of dedicated tax bonds in a deal to fund projects at the National Western Stock Show complex and Colorado Convention Center.

The NYC comptroller will hold six webinars as part of the Minority- and Women-Owned Business Enterprises University series as Siebert Williams Shank's affiliated Clear Vision Impact Fund announced it has received $100 million in capital commitments from big business.