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Municipal bonds turned weaker after the Federal Reserve raised interest rates.

The April-approved fiscal plan had said just 39% of senior and senior subordinate bond debt would be paid in the next fiscal year.

A nonprofit overseen by the Seattle-based Public Facilities Group will sell the bonds.

The second Illinois municipality stung by new state pension intercept rules has settled with its firefighters' fund.

The merger will extend Nelson Mullins' reach to the third-most populous state and expand its public finance group.

Federal Reserve Board Chairman Jerome Powell said he will hold a press conference after every Federal Open Market Committee meeting, beginning in January.

Navnoor Kang, a former director at the New York State Common Retirement Fund, wants home confinement rather than prison.

Federal Reserve officials raised interest rates for the second time this year and upgraded their forecast to four total increases in 2018, as unemployment falls and inflation overshoots their target faster than previously projected.

Mayor Bill de Blasio and the City Council face a raft of uncertainties about their third straight early budget.

The municipal bond market is waiting for the Federal Open Market Committee interest rate announcement.

Worthington City Schools will be asking voters for more money this fall for renovations and to fund daily operations.

Big changes could be in store for the Burlington-Edison School District.

The Poinciana Community Development Districts argue that "issue preclusion” should bar some objections to the validation of $102 million of bonds.

U.S. producer prices rose more than forecast in May as the cost of fuels surged by the most in three years, a Labor Department report showed Wednesday.

The record May tax revenues are a product of a strong economy and 2017 revenue legislation, said Ken Miller, the state treasurer.

A quarter of municipal bond issuance so far this year carried just one rating agency opinion, heightening uncertainty over credit quality for some investors.

The three agencies that rate Illinois are watching to see how well assumptions in the budget play out during the fiscal year.

The Government Finance Officers Association said Tuesday it generally supports most of the recommendations an SEC panel plans to discuss in Atlanta later this week.

Municipal bonds weakened Tuesday ahead of the Federal Reserve’s monetary policy meeting as new supply headed into the marketplace.

Major Puerto Rico bondholders are balking at a tentative agreement that would steer to owners of sales-tax-backed debt a large chunk of the revenue they’ve been pledged, threatening to prolong a fight over one of the biggest issues in the island’s record-setting bankruptcy.