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Oklahoma Gov. Mary Fallin's plan to cover a $215 million revenue gap in the current budget failed in the state House .

Illinois will use the proceeds to pay down some of its $16 billion unpaid bill backlog.

Municipal bonds finished weaker on Wednesday as Illinois came to market with $4.5 billion of general obligation bonds, the biggest tax-exempt deal of the year.

The firm added three veterans to its debt capital markets group to expand its capabilities.

Tax bill-writers may include keeping the deduction for property taxes.

The city's general obligation rating fell to A2 from A1 in the wake of Hurricane Harvey.

President Donald Trump does not intend to appoint National Economic Council Director Gary Cohn to lead the Federal Reserve, three people familiar with the matter said.

Trade with Asia and diverse economies insulate the two states from shifts in trade with Mexico and Canada.

New Jersey's long track record of aiding distressed municipalities continues, according to S&P Global Ratings credit analyst Timothy Little.

The Treasury Department auctioned $34 billion of five-year notes, with a 2% coupon, a 2.058% high yield, a price of 99.725759.

Municipal bonds were weaker at mid-session as Illinois came to market with $4.5 billion of general obligation bonds, the biggest tax-exempt deal of 2017.

The Treasury Department Wednesday auctioned $15 billion of two-year floating rate notes with a high discount margin of 0.048%, at a 0.048% spread, a price of par.

Municipal bonds were weaker as Illinois came to market with $4.5 billion of general obligation bonds, the biggest deal of the year so far.

The state Senate could bring the spending plan up for a vote that could help end a nearly five-month impasse.

The pace of new single-family home sales increased sharply by 18.9%, the largest percent change since January of 1992.

Municipal bond traders will be watching what kind of reception Illinois's $4.5 billion general obligation deal, the biggest of the year so far, gets on Wednesday.

Janet Yellen’s only advocate in the White House may be the one person who matters most: President Donald Trump.

The value of U.S. durable goods new orders rose 2.2% in September, well above expectations for a 1.1% increase.

Creditors are at odds with the island government over the conditions on federal hurricane disaster aid.