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Vern Buchanan looks poised to succeed Richard Neal as chairman of the powerful Ways and Means Committee should Republicans take the House on Nov. 8 and could offer the muni agenda a fresh start.

American Rescue Plan Act dollars amounted to around 22% of states' annual general fund budgets, according to a court filing from a trio of southern states fighting ARPA's restriction on tax cuts.

Exclusive Arizent research found that more than 95% of employees think they have something to learn from people who are different from them. But only 66% think that diverse companies make better decisions. We explore the disconnect.

Daily report for October 26, 2022

While muni performance has turned negative for October, "the asset class is significantly outperforming UST," said Jeff Lipton, managing director of credit research at Oppenheimer Inc.

In a letter to Federal Reserve Chair Jerome Powell, the chair of the Senate Banking Committee warned that the Fed was in danger of going too far in its efforts to tame inflation.

The bondholders say they are owed $8.3 billion of principal and billions more of unpaid interest.

Chicago, upgraded Friday by Fitch, will follow City Council's expected passage of a new 2023 budget next month with a new money general obligation bond issue.

As issuers push against a financial disclosure bill pending in the Senate, some buy-siders say standardized disclosure would attract more investors and boost liquidity.

The strength of the California economy suggests it deserves higher ratings, CreditSights said, but slowing revenues could mean the state's credit has peaked.

Levels fell back to pre-pandemic levels, state comptroller Thomas DiNapoli said, "so the notion that it's crashing and it's all gloom-and-doom is not a fair observation."

The top two municipal bond insurers wrapped $22.897 billion in the first three quarters of 2022, a 21.1% decrease from the $29.028 billion of deals done in the first nine months of 2021.

The day after the FOMC announces its policy decision, Christian Scherrmann, U.S. Economist at DWS Group, will offer his take on the meeting, Fed Chair Powell's press conference and what comes next.

Keeley Webster, a Bond Buyer senior reporter, hosts a discussion with Raul Amezcua, a Ramirez & Co. managing director, on a California committee's efforts to craft ESG disclosure guidelines to encourage greater issuance of green bonds and provide more transparency for investors. (20 minutes)

Daily report for October 25, 2022

"Municipal market performance has improved, but the bumpy road continues as investors remain uncertain about the interest rate environment," said Nuveen's Head of Municipals John Miller.

Municipal issuers are learning the ropes of ESG disclosure and marketing.

The zoo's parent received double-A-level ratings with the bonds rated one to two notches lower as a result of appropriation risks.

The workers say federal law bars the impairment of their wages.

In its analysis of primary market data from 2019 to 2021, the MSRB showed that market participants fled competitive offerings during the COVID period and preferred private placements.