Investments

Mayor Bill de Blasio and Comptroller Scott Stringer want to double energy efficiency investment to $4 billion over three years.

The municipal bond market will be ready and waiting for the $7 billion of new issuance, including the first billion dollar deal in nearly five weeks.

Thefirefighters' pension fund says Chicago shorted it $3.3 million, and wants to use an Illinois law to intercept state grant funds.

The Legislature failed to publish a public notice about changes in the law authorizing the sole security for the bonds, the court ruled.

The committee is holding a public hearing on its report on the causes of the debt crisis on Sept. 18 in San Juan.

Two state senators are backing a proposal to toll low-occupancy vehicles in carpool lanes on highways that currently lack tolls.

Municipal bond traders will see a healthy new issue calendar hit the market next week.

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, rose to 4.07% from 4.03% the week before.

The Unsecured Creditors Committee continued an effort to change the deal in a hearing on Thursday.

House Republicans want to make permanent the $10,000 cap on state and local tax deductions and the lower tax rates for individuals, both of which are due to expire at the end of 2025.

This week’s trading volume indicates there will be robust demand for municipal bonds, Morgan Stanley Wealth Management says.

The Fitch Ratings action does not affect its AAA rating for LAUSD general obligation bonds, which are rated based on a dedicated tax analysis without regard to the district’s finances.

The $582 million deal in the spring was the largest pooled school district bond issuance in the 74-year history of the Dormitory Authority of the State of New York.

The federal government ran a $214.1 billion deficit in August.

The report found that 61% of the 341 finance officers who participated in the survey anticipate negative future impacts on their city's financial health from the termination of advance refundings, while 35% said they already have seen negative impacts.

Municipal bonds were little changed on Thursday as a big sale out of Nevada hit the screens.

MEAG wants a power purchase agreement enforced against JEA, which says the agreement must be vacated because it wasn’t properly approved.

Susan Fitzgerald, Moody’s associate managing director, discusses the higher education sector, noting both long-term and near-term considerations, while hitting topics including net tuition pricing, student demographics, derisking of debt portfolios and endowment giving. John Hallacy hosts.

Rating agencies affirmed double-A-plus ratings ahead of the deal.

They are also trying to take over representation of the Puerto Rico authorities in Government Development Bank debt restructuring.