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"The numbers are weak, but not cusp of recession weak," Chris Low, chief economist at FHN Financial, said.

PREPA and its creditors have 30 more days to negotiate a possible debt-cutting deal.

Ciraolo, who spent more than 17 years at Goldman Sachs, has been brought on as a senior vice president in corporate and municipal short-term securities to help expand SWS' taxable muni franchise through commercial paper trading.

The good, the bad and the ugly for two of California's major cities when they sell debt in current market conditions.

Daily report for September 06, 2024

Municipal bond mutual funds saw inflows as investors added $956 million to funds after $1.047 billion of inflows the week prior, according to LSEG Lipper.

Iowa has the largest number of poor bridges, followed by Pennsylvania and Illinois.

Chicago released a budget forecast that its corporate fund deficit will grow to $982.4 million in 2025 from $222.9 million at 2024's end.

The governor says borrowing $50 million is "imperative" but the senate majority leader says "continuing to borrow is not the answer."

Few in the municipal bond industry have had as far reaching an impact on the institutions, best practices and local developments the way Kenneth Lind, the longtime point man for the Metropolitan Transit Authority, has both as in house and outside counsel.

Subsidence has delayed completion of the new Belle Chasse Bridge, a project led by one of the developers of the $2.3 billion Calcasieu Bridge project.

Daily report for September 05, 2024

South Dakota voters will have the opportunity to end the state tax on groceries this November.

Most weeks in September are expected to see around $10 billion of issuance, which could easily grow if a prepaid gas deal is thrown into the mix, said Jason Appleson, head of municipal bonds at PGIM Fixed Income. Bond Buyer 30-day visible supply sits at $16.46 billion.

House Republicans are hoping to jam through a voter eligibility bill as part of the upcoming continuing resolution in order to avert a shutdown before Sept. 30.

"Employers were more selective with their hires and less likely to expand their workforces, citing concerns about demand and an uncertain economic outlook," the report said.

Patrick Harker, the longest serving regional reserve bank president, will leave office in June 2025. Directors at the Fed bank have started the search for his replacement.

General fund revenue growth of only 1.1% in the fiscal year that ended Saturday, marks a continued slowdown since fiscal 2022's 26.4% increase.

The state Supreme Court will determine if the Granite State's property tax-based school funding is constitutional. 

AHCIA has languished since 2016 — is it time to consider alternatives?