Bonds

The Metropolitan Washington Airports Authority is pricing $714.4 million worth of airport system revenue and refunding bonds on Thursday as part of a scheduled sale with an uncertain demand.

Washington has paid off $198 million of its bonds supporting the mixed-use development at The Wharf fifteen years before their maturity date bringing some good financial news to a city wrestling with its budget.

Chicago will host its annual investor conference on Thursday as Mayor Brandon Johnson's administration faces challenges including a $1.12 billion deficit.

Chicago released a request for qualifications for underwriting services on April 30, seeking to form new pools from which to choose firms to handle their bond sales.

The mayor of Washington and the managing partner of the Washington Commanders laid out a plan for bringing a $3.7 billion stadium to the city via a mixed use development financed by a combination of private and public money.

The new continuing resolution passed in the House omits key language that allows Washington to implement its approved budget, which is threatening to cancel planned capital projects.

Moody's Ratings has placed Washington D.C.'s credit rating on review for a possible downgrade for all debt classes due to the Trump administration's cuts to the federal workforce.

Glenn Lee is warning the city government of a $21.6 million drop in year-to -date collections and a grim financial forecast of years to come due to falling employment levels.

Midwest bond sale volume peaked in the third quarter of 2024.

Washington's threats to state and local government funding took center stage when Illinois Gov. JB Pritzker delivered his seventh budget.