Investments

Federal Reserve Vice Chairman Stanley Fischer pointed to higher asset prices as well as increased vulnerabilities for both household and corporate borrowers in warning against complacency when gauging the safety of the global financial system.

Illinois isn't the only Midwest state struggling with budget issues.

MCKINNEY, Texas -- Collin County commissioners are committed to spending more than half a billion dollars on new freeways in the coming years. But pinpointing the timing of that expense is the looming question.

Rhode Island Gov. Gina Raimondo said Monday that she supports new legislation to be introduced Tuesday about how the state, city and Pawtucket Red Sox would finance a new baseball stadium because it addresses her concerns about whether Pawtucket would backstop its financial commitment if anticipated revenues fall short.

The Austin school board Monday night called for a $1.05 billion bond package to be placed before voters in November.

California lawmakers have approved a plan to borrow up to $6 billion to prepay pension obligations.

The Treasury Department auctioned $34 billion of five-year notes, with a 1 3/4% coupon, a 1.828% high yield, a price of 99.628909.

Top-quality municipal bonds were weaker at midday, according to traders, who were seeing the first of the week’s new supply light up their screens, led by the big DASNY deal.

New York Gov. Andrew Cuomo is calling the state legislature back into session take action on mayoral control of the New York City school system.

The Treasury Department Tuesday auctioned $40 billion of four-week bills at a 0.890% high yield, a price of 99.930778.

Laura Whittall-Scherfee will direct a California agency that finances affordable housing.

Connecticut's governor asked lawmakers to consider a “mini-budget” should the state miss Friday's deadline.

Municipal bond traders are prepped for the week’s new supply to light up their screens on Tuesday, with the retail pricing of the big New York Dormitory deal on tap.

Lawyers for Medicaid recipients will ask a judge to order Illinois to pay nearly $1.1 billion more a month.

Pricing wires for competitive bond offerings

Pricing wires for negotiated bond offerings

Chicago Public Schools closed on the private placement of $112 million of grant anticipation notes.

Illinois house leaders continued to negotiate on budget and policy issues with the clock ticking.

Puerto Rico said the money belongs to the agency as it works through bankruptcy proceedings to reduce its debt.

A California court handed a partial win to both sides in litigation between water providers.