Economy

Municipal market participants are gaming out post-election scenarios that pose opportunities and risks for budgets and portfolios.  

The healthcare chain won breathing room as its letter of credit provider waived a rating covenant and removed an event of default provision for junk downgrades.

"The labor noise is probably a little louder and is probably going to be with us for longer than we expected in late 2021 and is probably going to result in lower margins for a bit of time," S&P's Suzie Desai said.

The program received more than 250 applications for $26.5 billion worth of projects across the country.

Detroit revised its general fund estimates upward for the current fiscal year at its latest estimating conference Monday.

Removing the passenger facility charge cap of $4.50 would provide airports with more flexible and consistent funding options to help them become more self-reliant, a Reason Foundation study said.

Inflation will fall back down to the Federal Reserve's 2% target by early 2025, the San Francisco Fed said in a research note Friday.

Tollway revenue in the first half of 2022 surpassed pre-pandemic 2019 levels in five of the months.

Ahmed's appointment comes a few months after longtime SIFMA lawyer Ira Hammerman announced he would leave the job this year.

Nearly all construction firms have job openings, and more than half said they're seeing projects being scaled back, postponed or canceled.

On Tuesday, the Municipal Securities Rulemaking Board filed a proposal with the SEC to changing Rule G-3, which governs continuing education requirements.

The MBTA's capital program, which relies on nearly $600 million in annual borrowing, has doubled since 2018.

COVID-19 worsened the fiscal picture for the senior care, insurance, and hospital operator, but it faced rating pressure before the pandemic.

Los Angeles' debt manager says the mandate will not change the already inclusive processes it uses to hire financial teams to work on the city's debt.

Fitch said it expects the law will spur more public power borrowing for clean energy facilities.

The "after-action" report concluded that the Great Hall project would have been better served with a more traditional finance and contracting approach.

The congestion pricing plan that puts tolls on vehicle traffic coming into lower Manhattan still faces many hurdles before it would take effect.

The pension system has sued WAPA demanding immediate payment of more than $2 million in employee contributions.

The state's Board of Public Works could vote on the 50-year concession this fall as Gov. Larry Hogan aims to button up the project before he exits office in January.

The Securities and Exchange Commission has approved the Municipal Securities Rulemaking Board's proposed changes to Rule G-34 on CUSIP applications, removing the requirement for municipal advisors to file new issue applications in one business day, among other changes.