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Ten years ago, the financial avalanche that altered the municipal bond market gathered speed with the bankruptcy of Lehman Brothers.

The municipal bond market will be ready and waiting for the $7 billion of new issuance, including the first billion dollar deal in nearly five weeks.

Thefirefighters' pension fund says Chicago shorted it $3.3 million, and wants to use an Illinois law to intercept state grant funds.

The Legislature failed to publish a public notice about changes in the law authorizing the sole security for the bonds, the court ruled.

The Federal Reserve Bank of San Francisco announced Friday Mary C. Daly was named president and chief executive officer, effective October 1, 2018.

The privately funded Brightline express rail system launched service last fall. The state recently approved tax-exempt status for $1.75 billion in bonds.

The committee is holding a public hearing on its report on the causes of the debt crisis on Sept. 18 in San Juan.

Long considered a dove, Federal Reserve Bank of Chicago President Charles Evans Friday expressed comfort with the inflation outlook and repeated his belief rates will become slightly restrictive. That led some observers to ramp up concern about the flattening yield curve.

Two state senators are backing a proposal to toll low-occupancy vehicles in carpool lanes on highways that currently lack tolls.

Former Federal Reserve Chair Janet Yellen says the central bank should consider deliberately courting an economic boom to make up for a bust by promising to keep interest rates “lower-for-longer” after they are cut to zero.

Municipal bond traders will see a healthy new issue calendar hit the market next week.

The value of business inventories in July was up 0.6%, as expected by analysts.

The University of Michigan's preliminary September consumer sentiment index reading was 100.8.

Industrial production grew 0.4% in August, the Federal Reserve reported Friday.

Prices for goods imported by the U.S. fell in August by the most in more than two years.

U.S. retail sales rose by less than forecast in August following an upwardly revised July gain.

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, rose to 4.07% from 4.03% the week before.

The Unsecured Creditors Committee continued an effort to change the deal in a hearing on Thursday.

Dealer firms are trying to comply with newer rules like markup disclosure, while regulators are finding some problems and working to communicate more clearly.

House Republicans want to make permanent the $10,000 cap on state and local tax deductions and the lower tax rates for individuals, both of which are due to expire at the end of 2025.