Investments

The state’s net position of governmental activities eroded by $10.1 billion to reach a negative $141.7 billion.

Officials said forgiveness of the Community Disaaster Loan could be considered at a later point.

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, dipped to 4.01% from 4.02% last week.

The municipal market rallied to close out Thursday five basis points lower in yield, while the last two larger deals of the week priced, with the Philly School District passing its test with flying colors.

Franklin County is set to receive the biggest chunk of funding with roughly $135 million.

With the deep cut in the corporate tax rate and rising interest rate, banks are rethinking their investments in municipal securities.

Information can be submitted on a confidential or non-confidential basis.

While state lawmakers have approved limited use, notably for the city's housing authority, city officials want to use the method across the board.

Reno's ratings raised to A-plus with an economic boost from tech companies.

The municipal market saw the last two notable deals price, as the market was stronger by as many as five basis points.

Metropolitan Transportation Authority Joe Lhota defended the agency after a rating downgrade.

Donald Cunningham will work of counsel in Florida-based Broad and Cassel’s Affordable Housing and Tax Credit Practice Group.

Guam, facing its own fiscal problems, isn't helped by the tumultuous Puerto Rico PROMESA process.

The bill has a $63 billion in spending for non-defense discretionary programs in the 2018 fiscal year ending Sept. 30, including $10 billion more for infrastructure programs.

Mnuchin will hand-deliver documents related to the loan in his first visit to the territory as a public official, he said.

Chicago Public Schools officials say the deal won't include any scoop-and-toss restructuring for budget relief.

The project would get money from Amtrak, capital investment and other accounts under the omnibus spending bill, the details of which are expected to be released later today .

A city council committee approved construction plans for the Providence Tarzana hospital.

Some of the legal precedents potentially being set in Puerto Rico erode the expectations and good order of the municipal bond marketplace that finances the activities of states and municipal instrumentalities nationwide.

Puerto Rico's default is generating concern over mainland special revenue bonds and distressed issuers, and undercutting confidence in municipal credit nationwide.