Economy

The debt-averse state's long-term management of its finances and recent growth earned it a triple-A rating from Fitch.

The massive Chicago-based system that operates in 21 states scored a ratings boost from S&P and a revised outlook to positive from Fitch.

The Municipal Securities Rulemaking Board will begin accepting applications for two public and two regulated representatives to join its 15-member board.

State economies are generally stronger than anticipated in the first half of 2021.

By lowering the amount of private activity bonds needed to finance low-income housing, the provision would free up PABs volume for other projects.

New York, New Jersey and Connecticut finally come to terms on splitting up emergency funding.

The state could see nearly $45 billion, the lion's share for highways and public transportation.

Moody's joined the other three rating agencies in returning O'Hare's outlook to stable as Chicago plans to tap an up to $2.3 billion new money and refunding authorization next year.

California faces a $117 billion highway repair backlog and the highest gas tax in the country. The question is whether the fuel-tax funded SB 1 is doing enough.

Fitch Ratings revised the Canaveral Port Authority and Port Everglades rating outlooks to stable from negative as cruise ship activity accelerates.

A new program would pump $5 billion of loans into the state's ports.

The Illinois Municipal Electric Agency will have paid off its debt by the time the Prairie State Energy Campus faces an emissions deadline to avoid an early decommissioning under new Illinois clean energy mandates.

The tax on unrealized capital gains would be straightforward for securities that trade frequently, but less so for less-frequently traded assets like many munis.

Despite a short-end U.S. Treasury rally, municipals face pressure on the one- and two-year as participants look to month-end positioning.

The state will help back the $200 million project through up to $17 million of municipal bonds to be issued by the Virginia Public Building Authority.

Options for the beleaguered transit authority include expanding its commuter rail base and cracking down on fare evasion.

State officials say they’re getting it right with their latest plan to fix a crumbling, swerving stretch of Boston highway.

Illinois passage of clean energy legislation cleared the deck for AMP Ohio's stalled refunding of Prairie State bonds, but mandates that would force the plant's eventual closure loom large.

New York, New Jersey and Connecticut are at odds over how to split COVID relief money and the federal government won't step in.

Neeraj Arora of Morgan Lewis explores trends and risks in energy storage and its continued growth during the pandemic. Paul Burton hosts. (27 minutes)