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The Treasury Department said it will auction $20 million 7-day cash management bills on Sept. 8.

The White House is considering more than a half-dozen candidates to be the next head of the Federal Reserve, including economists and business people, with a goal of filling out a depleted board with expertise ranging from financial regulation to community banking, according to three people familiar with the matter.

Municipal bond traders on Friday are looking ahead to next week’s new issue calendar, which will be dominated by big bond deals from New York City and Maryland.

New York Fed President William Dudley reiterated the need to continue raising interest rates while conceding the inflation model may be need a rethink.

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, fell to 3.98%, from 3.99% last week.

Legislative package will provide more time for tax reform and pave the way for SLGS sales

The offering follows the resolution of legal challenges to toll rate increases.

Mayor Luke Bronin told Gov. Dannel Malloy and lawmakers that Chapter 9 for Connecticut's capital is inevitable if the state cannot pass a budget.

Lower-rated issuers like Puerto Rico have been slower to rebound from past natural disasters, municipal analysts said.

Gov. Bruce Rauner says he will act to authorize $6 billion of borrowing to knock out overdue bills.

Top-rated municipal bonds finished stronger on Thursday, traders said, as the week’s largest deal came to market — the New Jersey Economic Development Authority’s $583 million sale.

Fitch Ratings said the increased costs to complete reactors at Plant Vogtle drove the downgrades.

Newly issued Treasury securities held in stripped form increased about $3.212 billion in August to a total of $254.293 billion, the Bureau of the Public Debt reported Thursday.

Public retirement plans are walking a tightrope with high-yield return strategies, Moody's said.

Long before it was named after the Ilitch family's pizza chain or the Pistons agreed to join the Red Wings in playing there, the new downtown arena was expected to cost $450 million.

Gov. Jim Justice urged residents in a Wednesday evening town hall in Beckley to support the road bond referendum this fall that would create $1.6 billion in funds to upgrade the state's roads and bridges.

The action by the University of the Sciences in Philadelphia is a response to enrollment challenges.

A Lackawanna County court has scheduled another hearing for Monday on a challenge to Scranton's ability to collect certain local taxes.

It will be the organization's first annual conference outside of Chicago.

Gradual rate hikes are likely to remain necessary, and the normalization of the Federal Reserve’s balance sheet should not cause a “sudden or sizable increase in long-term yields,” Federal Reserve Bank of Cleveland President Loretta Mester said Thursday.