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Illinois headed into the new fiscal year with healthier metrics on multiple fronts but its last audit illustrates the long-term drag posed by the state's retirement burden.
July 5
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PennDOT could appeal to the state supreme court, but if not, the Pennsylvania P3 law may need to be rewritten.
July 5
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Signs of a rapidly deteriorating U.S. economic outlook have spurred bond traders to pencil in a complete policy turnaround by the Federal Reserve in the coming year, with interest-rate cuts in the middle of 2023.
July 5
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Bosler, who has held the position since 2018, had announced earlier in the year that she planned to leave after the budget process was completed.
July 5
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The Supreme Court’s ruling stripped the EPA of its ability to regulate greenhouse gas emissions, but analysts say utilities are unlikely to feel immediate credit impacts; in some cases, it may ease credit pressures.
July 5
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The Federal Reserve System is facing increasing demands from the Senate to revamp the process for granting master accounts, disclose more information to the public and pick more diverse leaders. That pressure makes executive searches at the Kansas City and Chicago Fed banks more complicated.
July 3
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Susan Collins officially took office Friday as the president of the Federal Reserve Bank of Boston, making history in becoming the first Black woman to lead a regional Fed bank.
July 1
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Changing federal policies toward hurricane aid may change these events' credit impacts.
July 1
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Siebert's Suzanne Shank and Bill Thompson have joined with NBA veteran player Chris Webber in a new program launched by New York State to fund the growth of the cannabis industry that eliminates barriers for equitable participation.
July 1
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With the Fourth of July holiday shortening the week, investors will see a paltry $2.861 billion of new issues to kick off the second half of 2022.
July 1
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A board member and Gov. Pedro Pierluisi expressed disappointment about the inability of the board and the government to come to a consensus budget.
July 1
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Denver International Airport returns to the municipal market boosted by a rating upgrade as it recovers from passenger and revenue losses in the pandemic.
July 1
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The CFO will be joining Dallas Area Rapid Transit starting July 18.
July 1
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Supporters says the income tax on the wealthy would raise $100 billion.
July 1
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The board also approved a rollover of bond anticipation notes because it doesn't have access to the bond market.
July 1
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Elizabeth Funk is the new managing director of institutional sales and trading in the municipal underwriting group amid a wave of recent new additions. Natalie A. Brown has taken over as CEO.
July 1
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S&P Global Ratings says that without funding reform, New Jersey's pension system may continue to negatively impact the state's credit outlook for decades.
July 1
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Gov. Phil Murphy signed off on the $50.6 billion spending package on Thursday, amid growing concerns of economic slowdown.
June 30
