Investments

The U.S. Virgin Islands WAPA said the Public Service Commission's reduction of electric rates jeopardizes its ability to pay bills and provide electric service.

A "lighter-than-anticipated CPI report" led to UST firmness, as it "quelled fears about tariff-related inflation and boosted enthusiasm that the Fed will cut rates in the next two or three meetings," said José Torres, senior economist at Interactive Brokers.

In a Monday special session that went late into the night, the state legislature passed a $66 billion budget that includes a $700 million bonding bill.

The bill would exempt lead service line replacement projects from the IRS' private business use test.

CEO Michael Ruvo calls the Effi module an "offensive tool" that complements the firm's other transaction analytics instruments.

Bexar County officials passed a resolution related to a potential Nov. 4 ballot measure on venue taxes for a new San Antonio Spurs basketball arena.

The Columbus City Council approved a November ballot measure seeking voter approval for $1.9 billion of triple-A-rated general obligation bonds.

The elevated new-issue market comes on the heels of one of the largest weeks of issuance.

After the University of Idaho canceled plans to buy the for-profit online University of Phoenix, Moody's Ratings removed the school from watch for downgrade.

From elite universities to rural hospitals and ports, federal actions are shifting the muni credit landscape. IR+M's Wesly Pate explains how buy-side firms are reacting.