Investments

The Greater Cleveland Regional Transit Authority faces a $20 million budget gap because of changes in state tax distribution.

An expiring cap on New Jersey police and firefighter raises pressure on local government finances, according to Fitch Ratings.

The Treasury Department auctioned $28 billion of seven-year notes, with a 2 1/4% coupon and a 2.370% high yield, a price of 99.230576.

The Connecticut governor cited recent changes to the state employee pension system as a parallel.

The Treasury Department said it will auction $20 billion year bills on Jan. 2.

While there are no major bond issues on the slate for Thursday, one deal that is garnering some attention is next week's $381 million offering from the New Jersey Economic Development Authority

Increased demand on power grids driven by electric vehicles is viewed as a bright spot for utilities.

Muni yields dropped five basis points for the second day in a row, as volume and participants were scarce.

After granting an expansion franchise to Nashville, Major League Soccer has Cincinnati, Detroit and Sacramento on the hook.

The pioneer in electronic muni data celebrated its 25th year with a new product that addresses the market's need for best execution.

The Treasury Department auctioned $34 billion of five-year notes, with a 2 1/8% coupon, a 2.245% high yield, a price of 99.435896.

Former Cobb County Chairman Tim Lee was fond of calling the decision to build a taxpayer-funded stadium for the Atlanta Braves the "biggest economic development deal in our county's history."

The latest estimate for Linn County's future Public Health and Child and Youth Development Services building has increased by more than 50 percent — from $20 million earlier this year to $31.5 million.

The USDOT's approval of the allocation triggered threats from opponents that legal action will be taken.

The Treasury Department Wednesday auctioned $13 billion of one-year 10-month floating rate notes with a high discount margin of 0.035%, at a 0.048% spread, a price of 100.023603.

Yields have gone further south as minimal action occurs in the primary and the secondary, with most market participants on hiatus until after the New Year.

The new tax law and imminent scarcity threaten to change market dynamics for muni buyers in 2018.

Municipal bonds strengthened Tuesday as the primary market shifted to holiday mode after breaking the December record for issuance.

The project to protect environmentally sensitive areas like the Florida Everglades from toxic algae could cost close to $2 billion.

The number of people employed in Puerto Rico during November fell 1.8% from July.