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Second quarter nonfarm productivity was revised up to a 1.5% rate of growth from a 0.9% gain previously reported, while unit labor costs were revised down to a 0.2% pace of growth from the 0.6% rise in the preliminary estimate.

Initial claims for U.S. state unemployment benefits surged by 62,000 to 298,000 in the September 2 week, well above the 248,000 level expected and the highest level since the April 18, 2015 week, data released by the Labor Department Thursday showed.

A U.S. district court on Tuesday rejected that bond insurer Ambac Financial was liable for allegedly overly optimistic and misleading statements it had made about its insured Puerto Rico bonds.

Assured Guaranty Municipal Corp., a subsidiary of Assured Guaranty Ltd., and Wasmer, Schroeder & Company announced the closing of AGM's acquisition of a minority interest in WSC on Wednesday.

Top-quality municipal bonds ended mixed on Wednesday as the big Honolulu and Pennsylvania sales hit the screens.

The special session on Sept. 25 will be asked to resolve funding problems in the wake of the state Supreme Court's rejection of a "smoking cessation fee."

The transportation package limits bonding to $400 million.

They say a report shows state could shave billions off interest costs if it borrows to pay down the state's unpaid bill backlog.

Lloyd Blankfein, who was Gary Cohn’s boss for more than a decade at Goldman Sachs Group Inc., endorsed his former deputy’s qualifications to run the Federal Reserve.

President Trump sided with Democrats on adding a three-month extension of the U.S. debt limit over the arguments of fellow Republicans, who pressed for a longer debt extension.

All 12 Federal Reserve districts reported modest or moderate economic growth in the past two months, the latest Beige Book survey showed Wednesday, up from the 10 reporting those levels of growth in the previous period.

S&P Global Ratings cited improved employment and demographic indicators, and projected growth in reserve levels.

The U.S. Department of Transportation is taking applications for $500 million of grant funding.

Hawaii's governor signed a bill raising taxes to complete the Honolulu elevated rail project

He found that the community development districts failed to properly apportion homeowners' special assessments.

Top-quality municipal bonds were stronger at midday as buyers look ahead to the big Honolulu sale set to hit the screens on Wednesday.

UBS Wealth Management Americas started to fill openings in its newly revived public finance business, with 19 employees joining the firm.

Moody's Investors Service says firmed-up state and city funding has stabilized the district's finances, for now.

Federal Reserve Board Vice Chair Stanley Fischer said he will resign from the Board of Governors on or about Oct. 13.

The U.S. services sector expanded in August as the non-manufacturing business activity composite index was 55.3 in the month, compared to 53.9 in July, on a seasonally adjusted basis, the Institute for Supply Management reported Wednesday.