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The construction manager of the beleaguered mall/entertainment complex in New Jersey says it is owed more than $30 million for unpaid work and accrued interest.
June 21
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Powell is set to appear on Capitol Hill this week for his semi-annual monetary policy testimony, the first time the Fed chief will answer questions from Congress in public since early March.
June 21
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Due to the Fed meeting-induced lighter new-issue calendar last week, and a holiday-shortened week this week, Birch Creek strategists said, "buyers had no qualms about putting cash to work."
June 20
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New or increased fees on electric vehicles are the second-most popular category among transportation state legislation so far this year, per ARTBA.
June 20
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There is a growing likelihood that the July 17 plan of adjustment hearing will be postponed.
June 20
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Clare Oaks' history of fiscal struggles resulted in two bankruptcy filings, the most recent leading to a bond exchange in 2020.
June 20
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The measure would have prevented state and local public entities from requiring a company to implement an ESG policy to get a government contract.
June 20
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Market participants agree issuance will not hit the highs seen in 2020 and 2021, but they are split on whether issuance will surpass the $384.086 billion of debt issued in 2022.
June 20
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The nonprofit, which provides low-interest loans to public charter schools, aims to offer another $3 billion in loans by 2030 and price more bonds in August.
June 20
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The fiscal 2024 budget proposal leans on federal funds, better-than-expected tax collections, and a drawdown on reserves to bankroll a wide array of capital work and a boost to state employee salaries.
June 16
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Investors will be greeted with a new-issue calendar estimated at $5.031 billion led by several New York issues.
June 16
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The Illinois case is part of several state-level lawsuits brought by Minnesota-based municipal advisor Johan Rosenberg, accusing banks of conspiring to set the interest rates of state-issued VRDOs artificially high.
June 16
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The Oklahoma Supreme Court is considering the turnpike's application to jumpstart funding for a $5 billion extension project with $500 million of revenue bonds.
June 16
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Easing drought conditions are not stopping states from restricting water use and investing in future supplies.
June 16
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The Florida Department of Economic Opportunity said the state unemployment rate in May was steady at 2.6% for the fifth straight month, the lowest among the 10 largest states in the nation.
June 16
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In a speech, the Federal Reserve Board governor said tighter monetary policy is not to blame for the volatility seen in the banking system this spring.
June 16
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All 12 regional Federal Reserve banks released financial information from their presidents on Thursday, including new errors that Federal Reserve Bank of Atlanta President Rafael Bostic acknowledged. Such disclosures have taken on increased significance after a slew of scandals in recent years.
June 15
