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Judge Swain on Wednesday will consider the Oversight Board's proposal to commence litigation on creditor claims.

Improved commitments to pension funding, coupled with other changes to the two states' retirement systems, have yielded bond rating upgrades for both.

Municipals saw more cheapening on the short end Friday as selling pressure persisted all week.

Brad Lander says using municipal bonds could be one way to help move recent immigrants into mainstream society and provide a long-term economic boost to the city.

The healthcare chain won breathing room as its letter of credit provider waived a rating covenant and removed an event of default provision for junk downgrades.

Puerto Rico's Fiscal Agency and Financial Advisory Authority said it "is available to assist the municipalities, as financial advisor and fiscal agent of the Government, on any restructuring that it deems necessary."

Opponents say the legislation could prompt issuers to drop out of the public bond market while supporters say investors and regulators deserve standardized financials.

Daily report for September 16, 2022

"Everyone is trying to figure out when the outflow cycle is over," said Craig Brandon, co-director of municipal investments at Eaton Vance.

Despite a boost in state funding, Arizona school districts face big budget cuts unless the Republican-controlled legislature lifts a cap on their spending.

"The labor noise is probably a little louder and is probably going to be with us for longer than we expected in late 2021 and is probably going to result in lower margins for a bit of time," S&P's Suzie Desai said.

But governor and an analyst caution about appropriating "excess revenues" before an audit.

The program received more than 250 applications for $26.5 billion worth of projects across the country.

The once-barren budget stabilization fund now tops $1 billion but it's meager compared to the cushion built up by other states.

Daily report for September 15, 2022

The Investment Company Institute reported $2.034 billion of outflows from muni bond mutual funds in the week ending Sept. 7 compared to $2.594 billion of outflows the previous week.

The statement could be interpreted as also suggesting a restructuring of $242 million in bonds.

A whopping 91% of Bond Buyer California Public Finance Conference survey respondents expect municipal interest rates will end the year higher than current rates and 73% said rates will have the largest impact on the public finance industry in the next two quarters

The SEC has charged Chicago-based broker-dealer Loop Capital with providing advice to a municipal entity without registering as a municipal advisor

The capital finance director of the San Francisco Public Utilities Commission delivered some biting remarks to states banning underwriters based on political issues.