Economy

Santa Cruz, on California's coast, was particularly hard hit by flooding in 2023. In addition to the the I-Bank loan, the city secured a federal loan.

Fears of a Hawaiian Electric bankruptcy abated after a settlement was announced that would cap the utility's liability for the Maui wildfire under $2 billion.

MMA says some risky-sector issuers in the area hit hard by the hurricane may be pushed into technical or payment defaults.

Lawmakers on both sides of the aisle support some level of encouraging cities and states to revamp local zoning codes to encourage more affordable housing.

California hospitals will be forced to close if they don't complete earthquake safety upgrades by 2030. Gov. Gavin Newsom vetoed a bill to extend the deadline.

The privately placed taxable bonds to be issued through Bernalillo County will help finance a manufacturing facility for Ebon Solar.

"The market is strong right now, and we expect that to continue into next year," Loop's head of public finance Bo Daniels said.

Moody's has raised the senior bonds to Aa1 from Aa2 and assigned a stable outlook to them.

"That's great news, and it reflects the outstanding work and commitment of our city council and my administration to keep Tampa on rock-solid financial footing," said Tampa Mayor Jane Castor.

Nuveen LLC reached an agreement to sell its 11% equity stake in Vistra Vision to Vistra Corp., that started as municipal bonds ensnared in a bankruptcy.

The plan involves building modern infrastructure and streamlining government operations and delivery of services.

The $105 million of power project revenue refunding bonds deal for Plum Point Energy Station in Arkansas comes amid tighter emission regulations.

Eric Goldwyn of the Marron Institute's Transit Costs Project joins The Bond Buyer's Caitlin Devitt to talk about his latest report that offers five recommendations to speed up the delivery of high-speed trains in the U.S.

Moodys says it is placing additional weight on the states' Aaa ratings in determining the Garvee ratings.

Analysts say the Jacksonville, Florida, utility has been able to move past concerns over its attempt to breach a contract with MEAG and to privatize.

Eisner Advisory Group Partner Allen Wilen is the chief restructuring officer for Jackson Hospital & Clinic.

Subsidence has delayed completion of the new Belle Chasse Bridge, a project led by one of the developers of the $2.3 billion Calcasieu Bridge project.

S&P cited increased near-term capital needs in explaining the lowered outlook.

The bank was one of 225 credits Moody's placed on review for possible upgrade July 25 when it released a revised rating methodology.

The Federal Reserve's preferred measure of inflation held steady at 2.6% for the third month in a row, a positive reading that increases the odds of a September rate cut.