Capital markets

Chicago's departing budget chief says budget gains will help the city resolve its pension problems.

The Bond Buyer presents a special Memorial Day podcast with three U.S. military veterans who are now working in munis. Matthew Murawski of Drexel Hamilton, Steve Kay of Academy Securities, and Jonathan Herrick of Mischler Financial Group talk about their lives and careers, their introduction into the world of public finance and their advice for service men and women looking to enter municipal finance field. Hosted by Chip Barnett.

Municipal supply is set to drop to less than $5 billion after the long weekend as the market struggles with a lack of supply.

Moody's Investors Service places Mercy Hospital's (IA) Baa2 rating under review for downgrade, affecting approximately $74 million of rated debt.

New York City Council members chided Mayor Bill de Blasio for misaligned capital commitments.

S&P Global Ratings raised its long-term rating and underlying rating to 'AA+' from 'AA' on Cleveland's limited-tax general obligation (GO) bonds.

Atlantic City hit the bond market for the first time since a late 2016 state takeover Wednesday.

A Connecticut town is enhancing its disclosure practices through new technology.

Connecticut Gov. Dannel Malloy released a framework to reshape contracts with state employee unions.

Illinois still has time to solve its budget ills, according to Fitch Ratings.

Illinois faces swap terminations and higher floating-rate costs if its ratings sink much further.

Moody's Investors Service has upgraded the St. Louis Art Museum's (MO) (SLAM) Issuer Rating to Aa2, reflecting excellent fiscal management contributing to superior cash flow and reserve growth.

Key Texas lawmakers agreed on a formula to extend the Dallas police and fire pension fund’s life.

Municipal volume will remain near recent levels the week before the Memorial Day holiday, supported by rising investor demand and a continuing bond rally, market participants said.

Chicago Public Schools will borrow against delayed state grants to finish the school year.

Hudson Yards Infrastructure Corp., the developer of a 45 block area on Manhattan's west side, won a two-notch upgrade from S&P Global Ratings.

University of Connecticut bonds are on Moody's review for downgrade.

Bonds for Northern Illinois University student housing were sent to junk over occupancy struggles.

New Jersey lawmakers sued, challenging the private placement of debt for the State House renovation.

Connecticut's governor and lawmakers are trying to patch a projected $5 billion deficit.