Investments

Funding levels of state pension plans dropped from 77% in 2014 to 69% in 2016

The Puerto Rico legislature approved a General Fund budget without debt service, leaving it to the Oversight Board to say where money for bond payments will come from in fiscal 2018.

National Public Finance Guarantee's ability to write new business is in question after a downgrade to A, three notches below competitors Assured Guaranty and Build America Mutual, which were both affirmed at AA.

Top-rated municipal bonds finished stronger on Monday, according to traders, who were looking ahead to Tuesday, when the first of the week’s new issues head into the market.

North Carolina Gov. Roy Cooper will veto the biennial budget, although an override is anticipated.

Indiana’s termination of a troubled highway P3 underscores the financial risks of such projects.

DIXON, Ill. -- The county continues to work out plans to build a new law enforcement center, but recent estimates show the jail will cost more than estimated, and there will be less money than projected to pay for it.

Iowa’s weaker-than-projected revenue collections are so far manageable, Moody’s said.

S&P Global Ratings said it lowered its financial strength rating on National Public Finance Guarantee Corp. (National) to A from AA-minus and its long-term counterparty credit rating on MBIA Inc. to BBB from A-minus.

Lawmakers rush to beat deadline as the latest FAA authorization is set to run out on Sept. 30.

IOWA CITY, Iowa -- As the mother and grandmother of children with special needs, Heather Young has never voted against a school bond issue.

The union rank and file must OK the agreement as a budget deadline nears.

The Treasury Department Tuesday auctioned $26 billion of two-year notes with a 1 1/4% coupon at a 1.348% yield, a price of 99.807259

Alaska lawmakers passed a budget to avoid a government shutdown, without tackling underlying problems.

New York municipalities may see a lapse in tax collections absent new legislation, according to Fitch Ratings.

Top-rated municipal bonds were stronger at mid-session, according to traders, who were looking ahead to Tuesday when the first of the week’s new issues head into the market.

Tender rates for the Treasury Department's latest 91-day and 182-day discount bills were lower.

The Treasury Department said Monday it will sell $40 billion of four-week discount bills Tuesday.

As the end of the fiscal year for most states’ is approaching, there remain a handful of key states who have yet to pass a budget.

Municipal bond traders are looking to see an average sized new issue slate price into the market this week as they eye yields which have been little changed as of late.