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Municipal bonds were little changed on Monday as supply concerns prompted Bank of America Merrill Lynch to cut its 2018 forecast to $365 billion of issuance.

Education banker John Baracy has opened Raymond James’ first public finance office in Los Angeles.

Jose Ramírez has yet to acknowledge wrongdoing in misleading investors about Puerto Rico debt and may pose a continued threat to investors, SEC lawyers told a federal judge.

Supporters say the plan would help create affordable housing in the fire-ravaged city.

Ryan Pratt has joined Moody's as vice president of Southeast business development.

The southernmost airport in Texas will replace its nearly 50-year-old terminal with a larger version equipped for modern security and capacity challenges.

Mayor Eric Papenfuse said he will declare a fiscal crisis for Pennsylvania's capital after state lawmakers would not let the city exit distressed status while keeping its special taxing authority.

Bank of America Merrill Lynch has revised its forecast for yearly municipal bond volume down to $365 billion.

The $500 million settlement with 330 sex-abuse victims must still be approved by a judge.

Texas factory activity growth, as measured by the production index, “continued in June, albeit at a slower pace than in May,” according to the monthly Texas Manufacturing Outlook Survey conducted by the Federal Reserve Bank of Dallas, released Monday.

New single-family home sales rose by 6.7% to a 689,000 annual rate in May, led solely by a sharp increase in sales in the large South region.

The legislature OK'd a bonding framework for an $83 million baseball stadium in Pawtucket as the team weighs a move to Worcester, Massachusetts.

Gov. Phil Murphy and state lawmakers enter the home stretch of a July 1 budget deadline far apart on a spending plan and tax increased needed to combat a steep deficit.

The Chicago Fed National Activity Index for May decreased to negative 0.15 from an upwardly revised positive 0.42 in April.

Senate president threatens lawsuits against anticipated Oversight Board labor policy and budget.

Muni analysts doubt that either major-party candidate for governor has the solutions to Illinois' many fiscal problems.

Municipal buyers expect the city of Los Angeles to hit the market running as it plans to competitively sell almost $1.9 billion of notes and bonds.

With the need for Congressional action lessened, governors and state legislatures can focus on fine tuning their own laws, officials said.

The SEC contends it played fairly in prosecuting its case against Wells Fargo Securities and Peter Cannava, denying the defense's allegations of dishonest "legal gamesmanship."

The condition of Florida’s economy and finances led Moody's to upgrade the state to Aaa.