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Pushing off painful decisions tanked Illinois' ratings while California reaped spread and rating benefits from better choices.

The action set the stage for the city’s exit from direct state supervision later this month.

The Financial Oversight and Management Board for Puerto Rico approved the plan by a 6-1 vote Thursday after negotiations with the commonwealth’s government failed.

With tax season in the rear view mirror, supply is set to rise to $7.8 billion as demand rebounds.

The Securities and Exchange Commission's decision not to extend the effective date of new markup disclosure requirements is disappointing to dealer groups, which have pushed hard for months for a delay.

The economic outlook has not changed, Federal Reserve Board Gov. Lael Brainard said in a televised interview Friday, suggesting the Fed’s projected rate hikes are on target unless data changes require adjustment.

The deal absorbs the debt of newly acquired systems, and SSM says it will "materially" lower interest.

Halifax Health cannot use bonds to finance the construction of its 95-bed hospital in Deltona, a Volusia County judge ruled this week, dealing a setback to the public health system's strategy to pay for the $105 million project.

The new site is designed to drive investment in the Massachusetts capital.

The commonwealth plans a competitive sale for the $500 million in fixed-rate, tax-exempt new-money general obligation bonds.

The net designated syndication rule is one whose time has passed. The municipal market should modernize, following the lead of other markets as to how issuer monies from its bond issues are paid to underwriters.

Next week's $7.8 billion new issue slate features airport and water deals coming from New York and Texas issuers.

The Federal Reserve will need to continue raising interest rates, Federal Reserve Bank of Cleveland President Loretta Mester said.

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, was unchanged for the third week in a row at 3.99%.

Some say cheapness on the short end of the municipal yield curve is starting to boost investor demand.

The Puerto Rico Oversight Board’s new fiscal turnaround plan for the commonwealth may more than double debt payments to bondholders compared with earlier proposals.

One Democrat said the controversy showed the difficulty President Trump faces selling his plan to spur $1.5 trillion in infrastructure investment with an expansion of private activity bonds.

A Securities and Exchange Commission proposal that may trigger additional MSRB rulemaking is open for comment, and the MSRB is scheduled to discuss it next week.

Spokane County commissioners approved issuance of $25 million in bonds to help build the Spokane Sportsplex — a proposed multiuse sports facility with capacity to host national and local events.

Illinois remains delinquent on transit aid payments, highlighting the need for RTA's working cash authorization.