Investments

A House panel’s 2018 spending bill includes up to $900 million for the Gateway Project in New York.

The Treasury Department Tuesday auctioned $24 billion of three-year notes with a 1 1/2% coupon at a 1.573% high yield, a price of 99.787217.

The pricing on the New York City Transitional Finance Authority’s $1.01 billion deal was accelerated by a day as top-quality municipal bonds turned mixed on Tuesday.

The Treasury Department Tuesday auctioned $40 billion of four-week bills at a 0.950% high yield, a price of 99.926111.

Richard Ryffel of Washington University in St. Louis discusses the July 16-17 Brookings Municipal Finance Conference in Washington, DC, which attracts academics, practitioners, issuers and regulators. Hosted by Paul Burton.

Gov. Tom Wolf bought time to pass the bills necessary to fund Pennsylvania's $32.2 billion spending plan.

California June revenues were 2.5% below projections outlined in last year’s budget.

There are times when there is no better alternative to a tax increase.

The municipal bond market on Tuesday will see more supply head its way with the second day of retail orders being held on the New York City Transitional Finance Authority’s $1 billion of building aid revenue bonds and deals expected from Los Angles and Philadelphia.

Pricing wires for negotiated bond offerings

Pricing wires for competitive bond offerings

Lawsuit seeks to force a vote on the $34.5 million public funding portion of the Pistons deal.

Municipal bonds ended mixed on Monday, according to traders, as the New York City Transitional Finance Authority’s $1 billion of building aid revenue bonds were priced for retail investors and the Chicago Public Schools came to market with an unrated bond deal.

The unused allocations stand at $150.3 million for governmental bodies and $179.36 million for cooperative electric companies.

Chicago Public Schools borrowed $500 million after doubling the size of its GO offering.

Philadelphia’s new five-year fiscal strategy was endorsed by City Controller Alan Butkovitz.

Allegations of fiscal mismanagement landed a California school district on negative watch.

Low-interest federal TIFIA loans cut borrowing costs for West Coast transportation agencies.

Pennsylvania state leaders are still negotiating how to fund their new budget.

Massachusetts legislators finally agreed to terms on a $40.2 billion budget for fiscal 2018.