Investments

The State of Connecticut (Aa3 negative) is grappling with challenges to its financial sustainability as growing expenses from unfunded pension liabilities, retiree health care costs, and bonded debt place pressure on the state's credit quality, Moody's Investors Service says in a new report.

Municipal bond insurer analysts are rechecking their estimates of potential losses in Puerto Rico after the federal control board approved a 10-year plan that assumes less than 24% of debt coming due will be repaid.

Infrastructure advocates are bearish on the near-term success of President Donald Trump's ambitious plan to "rebuild America's crumbling infrastructure," despite the administration's continuing assurances that transportation, where the backlog is greatest, is a top priority for Trump.

Pricing wires for negotiated bond offerings

The rebranded Rhode Island Infrastructure Bank approaches infrastructure as a strategic economic development tool.

The municipal bond market is seeing more new issue supply hit the screens on Wednesday, topped by some large deals out of New Jersey, California and Massachusetts.

Kansas City area voters embraced a host of school district bond issues Tuesday.

The Puerto Rico Oversight Board is seeking to start debt talks on April 13.

The New Jersey Municipal Qualified Bond Act program, New Jersey County College Enhancement Bond Program, and New Jersey School Bond Reserve Act program were all downgraded in connection with the recent downgrade of the state government.

Transportation Secretary Elaine Chao said a Trump infrastructure proposal could be ready by May.

Top-rated municipal bonds finished stronger on Tuesday, according to traders, who saw the first of the week’s new issuance hit the market.

The California Senate approved a bill would bar local law enforcement officers from being “deputized” to do the work of federal immigration officers.

Pricing wires for competitive bond offerings

Pricing wires for negotiated bond offerings

George Miller, a partner with law firm Mayer Brown, discusses the New York City Bar Association's recommendations to the Trump administration regarding national infrastructure funding, which he helped draft. Hosted by northeast regional editor Paul Burton.

A $4 billion project to add lanes to a subsea highway tunnel in Virginia may be financed as a P3.

Jay Clayton’s nomination to be SEC chair cleared the Senate Banking Committee on Tuesday and will now move to the full Senate.

Indiana may soon take fiscal control of Gary Community School Corp. and Muncie Community Schools. Gary wants the help. Muncie Schools opposes it.

The National Collegiate Athletic Association said Tuesday that its games can return to the Tar Heel State after the recent repeal of a law seen as discriminatory to gays and transgender people.

New York’s first late budget in seven years will not impact the state’s owed bond payments, according to Moody’s Investors Service.