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As state and local governments are charged with funding 3/4ths of the country's infrastructure, the catastrophic wildfires in Los Angeles highlight even more the municipal bond market's vital role in keeping the U.S. competitive globally and maintaining the heart of fiscal federalism at home.
January 27
Bond Dealers of America -
The Massachusetts Clean Water Trust has seen higher demand from local utilities for loans because of climate change threats and clean water regulations.
January 27
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Kroll Bond Rating Agency downgraded Chicago's general obligation bonds to A-minus from A, citing high fixed costs and one-time fixes. The outlook is negative.
January 27
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Issuance for next week falls to an estimated $5.151 billion, with $3.959 billion of negotiated deals and $1.193 billion of competitive deals on tap.
January 24
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The muni veteran's friends remember him as a "connector," with a boundless ability to form relationships.
January 24
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Gov. Joe Lombardo replaced his budget chief as the legislature's Democratic leaders criticized the Republican for submitting an out-of-balance budget.
January 24
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Ongoing work to potentially simplify the new issue disclosure submission process and discussion of dealer supervisory obligations will be among topics on deck at the Municipal Securities Rulemaking Board's upcoming quarterly board meeting.
January 24
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Bondholders say the Puerto Rico Energy Bureau is legally required to set rates to cover all bond principal and pre- and post-petition interest due. The board disagrees.
January 24
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As Republicans hash out their promised tax package, the debate over the bill's scoring method carries implications for tax-exempt municipal bonds.
January 24
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The municipal bond market's initial negative reaction to this month's Southern California wildfires has eased, with secondary spreads starting to tighten.
January 24
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The agency's figures represent the most actions filed in their respective periods since at least 2000.
January 24
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Investors added $2.028 billion to municipal bond mutual funds in the week ending Wednesday, following $251.7 million of outflows the prior week, according to LSEG Lipper data.
January 23
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Chicago plans to sell roughly $830 million of general obligation bonds to finance its 2024-28 capital improvement plan, according to the city's finance team.
January 23
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The introduction of new engines in a northern power plant and the opening of a solar farm in the south have reduced the authority's operating costs.
January 23
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The Maryland Department of Transportation moves to shore up its debt service while funding bridge repairs, airport modernization, and rail improvements with a $21.2 billion budget commitment.
January 23
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The bill, which would enact on the federal level similar pro-gun legislation adopted by many Republican states, has gained 21 co-sponsors, including Senate Finance Chair Mike Crapo, R-Idaho.
January 23
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Some observers say Jenniffer González Colón, who took office in January, may be more open to compromise with Puerto Rico Electric Power Authority bondholders.
January 23
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