Investments

Top-rated municipal bonds were unchanged at mid-session, according to traders, who were eyeing Puerto Rico’s debt.

California city officials say the rising share of their budgets demanded to fund pensions reduces their ability to provide services and raises the specter of insolvency.

The Treasury Department said Thursday it will auction $42 billion of 91-day and $36 billion of 182-day discount bills on Tuesday, Oct. 10.

The municipal market is winding up the week’s primary dealings with a negotiated sale from DASNY as traders eye Puerto Rico bonds.

Treasury and the IRS said they may propose more targeted guidance on political subdivisions.

Uncertainties remain around the state’s water supply, according to a report from the California Department of Water Resources.

The authority is selling state revolving fund debt.

The university and its foundation are on review because of allegations into recruiting violations.

Puerto Rico’s debt cannot be canceled by order of the president, restructuring experts and a key congressman said.

The proposed combination is the latest in a continuing wave of nonprofit healthcare consolidation in Illinois and nationally.

Puerto Rico bonds plunged on Wednesday after President Donald Trump suggested the commonwealth’s debt needed to be “wiped out” to help the island recover from the devastation caused by Hurricane Maria.

The governor said he would borrow against $1.25 billion in profits from the state liquor system.

Jefferson County, N.Y., legislators approved a resolution to issue $99 million in revenue bonds for Samaritan Medical Center.

The city wants to quickly pick an advisory team and update the timeline on its Lambert Airport privitazation plan.

A lower court rejected many residents' arguments, including one about how bond proceeds will be used to buy amenities from the developer.

Puerto Rico bonds took a big hit on Wednesday after President Donald Trump suggested the commonwealth’s debt needed to be “wiped out” to help the island recover from the devastation caused by Hurricane Maria.

Puerto Rico bonds took a hit on Wednesday after President Donald Trump suggested the commonwealth’s debt would need to be wiped clean to help the island recover from the devastation caused by Hurricane Maria.

President Donald Trump's budget chief said not to take the president's suggestion that Puerto Rico's debt would be "wiped out" literally, as the territory's bonds plunged to a record low on Wednesday.

President Donald Trump suggested that the government debt accumulated by bankrupt Puerto Rico would need to be wiped clean to help the island recover from the devastation caused by Hurricane Maria.

Puerto Rico’s general obligation bonds maturing in 2035 have lost a fifth of their value in secondary trading on concern over the economic impact of the storm.