"The overall tone of the budget is one of prudency, which is correct during this current period where federal pandemic aid is winding down and there are questions about whether we enter into a recession," said Howard Cure of Evercore Wealth Management.

The firm is expected to announce the new muni leadership team next week.

Small businesses that are certified to work for either Chicago or Philadelphia's transit agency will now be able to work for the partner agency as well.

Strong 2021 contribution levels continue a trend that began with pension reforms made in the wake of the Great Recession.

The hospitals are facing higher costs amid dwindling pandemic-related federal aid, although urban facilities are faring better than those in rural areas.

The downgrade of Kaweah Delta Health Care District's revenue bonds to Ba1 affected $218 million of debt.

"An increase in social distancing and remote work has resulted in growing vacant office space since late 2020. Office rents have also trended down and remained depressed into 2022," according to the Popular Annual Financial Report.

Key takeaways from the preliminary findings show that most jurisdictions that integrate racial equity in bond issuance focuse primarily on the use of the proceeds. 

Exclusive Arizent research found that more than 95% of employees think they have something to learn from people who are different from them. But only 66% think that diverse companies make better decisions. We explore the disconnect.

Baby bonds provide a long-term remedy by fostering upward mobility, while current anti-poverty measures do not, according to panelist Scott Winship.

Chicago is leading the pack in pension fund problems.

William Glasgall of the Volcker Alliance dives deep into factors affecting state and local budgets. He looks at what the Inflation Reduction Act means, how states are using stimulus money and economic effects of work from home. Caitlin Devitt hosts. (31 minutes)

New Jersey and Illinois have the lowest state bond ratings. But all three states have been ramping up pension contributions, according to S&P Global Ratings.

The future outlook now is much more fragile, the Citizens Budget Commission said.

Monetary policy has a more significant impact on spending of U.S. households headed by white women than on those led by white men or Black men and women, the Federal Reserve Bank of San Francisco said.

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.

The Spotlight Dealer Diversity Program, an initiative to highlight firms owned by women, veterans, people with disabilities and individuals of underrepresented racial and ethnic groups, aims to promote them in Tradeweb’s platforms.

Democratic senators led by Bob Menendez urged the Federal Reserve to take a more active role in the selection process of the heads of its regional banks so that more diverse candidates would be considered.

The acquisition of Cancer Treatment Centers of America in February was cited for the downgrade along with City of Hope's financial weakness over the past two years.

Hiring qualified candidates for many positions within state and local governments has reached its worst period in 50 years, panelists at the 116th annual GFOA conference said on Sunday.