Commercial banking

Washington and Oregon are still nailing down the final cost and toll rates for the long-planned replacement for the aging spans carrying I-5 across the river.

Cook County faces a general fund budget gap of $102.6 million in 2026, and many grants are at risk under the new White House and Republican-controlled Congress.

Daily report for June 20, 2025

Rostyslav Vovk has been the CEO of Kormotech for the last 11 years, helping to establish it as one of the top 50 global manufacturers of pet food. He is also the founder of Kormotech Ventures, an investment fund for supporting pet-care startups in Europe and the U.S.

The FOMC's decision to "hold rates steady while signaling only two cuts this year was a subtle but powerful shift," said James Pruskowski, CIO at 16Rock Asset Management.

Florida lawmakers passed a state budget and approved plans to pay off $830 million of debt in fiscal 2026 in advance of maturity.

Kathleen C. Engel is Research Professor of Law at Suffolk University Law School.

The rock-bottom prices show the risks of a high-yield market where liquidity is famously limited.

A colleague called the Florida-based lawyer "an institution" in the public finance community

Housing advocates are cheering the Senate's embrace of expanding Low Income Housing Tax Credits which ensures a volume increase and reduces a key bond threshold test.

Under the agreement, the NBA's Thunder will play for at least 25 years in an arena that will be largely financed by a sales tax revenue bond sale later this year.

A growing rainy-day fund helped Alaska win a Moody's Ratings upgrade, bringing the state's issuer and general obligation bond ratings to Aa2 from Aa3.

Deals from two small Michigan cities show how bond-funded improvements are used to keep up with water infrastructure replacement needs.

Daily report for June 18, 2025

Tom Kozlik said he was particularly concerned about the impact of a scaled-back FEMA on issuers in the Southeast.

"We expect no change to rates but [for the Federal Open Market Committee] to continue to signal that rate cuts should still be expected," said Cooper Howard, a fixed income strategist at Charles Schwab.