Investments

Judge Laura Taylor Swain promised to release Wednesday a consensus-based order on the legal status of Puerto Rico’s post-hurricane federal aid.

Oklahoma Gov. Mary Fallin's plan to cover a $215 million revenue gap in the current budget failed in the state House .

Illinois will use the proceeds to pay down some of its $16 billion unpaid bill backlog.

Municipal bonds finished weaker on Wednesday as Illinois came to market with $4.5 billion of general obligation bonds, the biggest tax-exempt deal of the year.

Tax bill-writers may include keeping the deduction for property taxes.

New Jersey's long track record of aiding distressed municipalities continues, according to S&P Global Ratings credit analyst Timothy Little.

The Treasury Department auctioned $34 billion of five-year notes, with a 2% coupon, a 2.058% high yield, a price of 99.725759.

Municipal bonds were weaker at mid-session as Illinois came to market with $4.5 billion of general obligation bonds, the biggest tax-exempt deal of 2017.

The Treasury Department Wednesday auctioned $15 billion of two-year floating rate notes with a high discount margin of 0.048%, at a 0.048% spread, a price of par.

Municipal bonds were weaker as Illinois came to market with $4.5 billion of general obligation bonds, the biggest deal of the year so far.

The state Senate could bring the spending plan up for a vote that could help end a nearly five-month impasse.

Municipal bond traders will be watching what kind of reception Illinois's $4.5 billion general obligation deal, the biggest of the year so far, gets on Wednesday.

Creditors are at odds with the island government over the conditions on federal hurricane disaster aid.

The council wants to buy time to decide on a longer term water contract.

The program heads to the Financial Review Commission and the Michigan Finance Authority for approval.

Municipal bonds finished weaker on Tuesday as deals from Florida and New York priced ahead of Illinois' $4.5 billion sale slated for Wednesday.

Chicago Public Schools will ask its board to OK up to $1.1 billion of borrowing Wednesday.

Comptroller Susana Mendoza wants lawmakers to override Gov. Bruce Rauner’s veto of the Debt Transparency Act.

Oklahoma's Republican leaders agreed to increase taxes on cigarettes and fuel to stabilize the budget.