Subject Root Tag

Recovery from Hurricane Harvey is expected to cost state government about $2 billion over the next two years.

Top-rated municipal bonds ended stronger on Wednesday as new offerings from Texas and California issuers hit traders' screens.

Voters decided they will pay higher taxes to borrow $206.7 million to widen roads, build new sidewalks and bicycle lanes, and support other transportation projects.

The federal funds rate target should continue rising gradually until reaching its “new normal of 2.5%,” Federal Reserve Bank of San Francisco President John Williams said Wednesday.

The job cuts are permitted under the state’s Municipal Stabilization and Recovery Act, the judge ruled.

The Metropolitan Water District's support could augur well for the project.

Many Federal Reserve policymakers worried about low inflation and some want to feel more confident inflation is moving higher before raising rates again.

Tax-exempts important, but not enough, infrastructure advocates tell Congress.

The U.S. Senate’s proposed spending plan would raise the cap on airports' passenger facility charges and expand airport improvement grants.

“We’re going to bond here like crazy,” said West Virginia Gov. Jim Justice.

The Treasury Department auctioned $20 billion of 9-year 10-month notes with a 2 1/4% coupon at a 2.346% high yield, a price of 99.158502.

Thursday's $24.3 million deal Thursday comes with a low-investment grade rating.

Maintaining that gradual rate hikes remain the best course for the economy, Federal Reserve Bank of Kansas City President Esther George said Wednesday the Federal Open Market Committee “is, by historical standards, meeting the dual mandate.”

Top-rated municipal bonds were stronger at mid-session as action in the primary market heated up.

The Treasury Department Wednesday auctioned $24 billion of three-year notes with a 1 5/8% coupon at a 1.657% high yield, a price of 99.906770.

Puerto Rico faces a government shutdown after the end of the month without an infusion of cash.

The mayor cited high reserves and bond ratings while challengers Nicole Malliotakis and Bo Dietl called his spending reckless.

The municipal bond market is set to see primary action heat up on Wednesday with the pricing of several large deals from issuers in Texas and California.

Federal Reserve Bank of Chicago President Charles Evans said weak inflation in the U.S. may not be entirely due to temporary factors.

Cook County officials will have a $200 million budget hole to fill without the tax.