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While the bill has wide support in the Puerto Rico House of Representatives, the Oversight Board has yet to offer its opinion.

The SEC is required to consult with municipal market participants when crafting the new disclosure data standards.

Rep. Jason Smith sold colleagues on his intentions to strictly oversee the Biden administration.

President Biden asked Treasury Secretary Janet Yellen to stay in her post, and she agreed, a White House official familiar with the matter said.

The CTA and its fiscal parent, the Illinois RTA, will try to build a coalition for future funding to face the fiscal reckoning after federal COVID-19 aid ends.

The JPMorgan Chase CEO said the Federal Reserve's rate hikes might need to go beyond what's currently expected, but he's in favor of a pause to see the full impact of last year's increases.

Most top 10 issuers are from New York and California, with four from New York and two from the Golden State.

A family earning Miami's median city income would need to spend 85% of their paycheck to buy Miami's median-priced home, said the firm RealtyHop.

Christopher Thornberg, founder of Beacon Economics and Marc Joffe, a senior policy analyst at Cato Institute, drill down into the economic health of the San Francisco Bay Area amid widely-reported tech industry layoffs.

Texas forecasts a record $32.7 billion budget surplus as a surge in sales taxes boosts the state government's revenue by billions above earlier estimates.

Daily report for January 10,2023

Gov. Henry McMaster wants to fuel capital development while avoiding new debt and is asking lawmakers to approve billions in one-time allocations.

This week's "manageable" calendar will continue what has been a quiet start to the new year in the municipal market, according to John Mousseau, president and chief executive officer and director of fixed income at Cumberland Advisors.

Significantly fewer households expected to be in worse shape in the coming year than was the case last summer, according to a December survey. The results are a positive sign for banks at the start of earnings season.

Illinois Gov. J.B. Pritzker signed legislation sending a portion of the state's surplus to the budget stabilization fund and raising the target balance.

Most recently a California deputy treasurer, Schaefer was a trader, a banker and advisor with a deep legacy as a municipal bond market expert and mentor.

Small businesses that are certified to work for either Chicago or Philadelphia's transit agency will now be able to work for the partner agency as well.

Esther George, the president of the Federal Reserve Bank of Kansas City, is retiring later this month. What's taking the bank so long to find a successor?

She joins the recent additions of Steve Bolden, Jani Lotz and Justin Mapes in Dallas to bolster the firm's Texas presence.

Certain Puerto Rico issuers with over $5 billion outstanding continue paying bondholders in full and on time.