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The city received $217 million of retail orders — a rarity in Illinois where local bonds don't benefit from state tax exemption — and interest from 11 ESG funds.

Treasury Secretary Janet Yellen advised Congress that her department is deploying an additional accounting maneuver to avert breaching the federal debt limit.

The latest definition of federal waters includes roadside ditches, which some industry groups say will make transportation projects more costly and time-consuming.

Revenue were better than projected despite the Treasury Department postponing deadlines for certain taxes.

The Federal Reserve's quantitative-tightening program risks being propelled toward an early end as U.S. politicians bicker in Washington over raising the national debt limit, according to some economists and bond market participants.

Newly-elected Gov. Josh Green outlined the proposals during his State of the State speech on Monday.

Rising interest rates, market volatility and the loss of business and revenue top the public finance industry's concerns for 2023.

Daily report for January 24, 2023

Compared to December's projections, revenues are up $265.3 million and expenses are down $59.4 million.

For the first time in several weeks, munis last week outperformed "by a wide margin and across the entirety of the yield curve," said Eric Kazatsky, head of municipal strategy at Bloomberg Intelligence.

BVAL marketed its bond valuation methods as sophisticated but sometimes based the valuation on a single broker quote, the SEC said.

The Eleventh Circuit Court of Appeals has issued an opinion that blocks Treasury from enforcing the "tax cut ban" against 13 states.

School districts must sell bonds based on their own ratings or with private insurance because the triple-A-rated Permanent School Fund's capacity is nearly maxed out.

Daily report for January 23, 2023

Critics say there are problems with part of the team because of a conflict of interest and a lack of experience.

Investors will be greeted Monday with a new-issue calendar estimated at $5.520 billion.

The complex restructured its debt through bankruptcy in 2018 but COVID-19 knocked its recovery off track.

Bondholders say they have lost patience after six years of nonpayment.

Speaking at an event hosted by the Council on Foreign Relations, Federal Reserve Gov. Christopher Waller said the Federal Reserve has a long runway for its balance sheet reduction.

A demand survey conducted by CDLAC in November foreshadowed $11 billion in requests from applicants for the state's private activity bonds.