Investments

The Trump administration is ending Chicago Public Schools' access to $8 million in fiscal year 2026 grant funding, the Department of Education said.

Bond attorneys are pondering language governing tax-exempt bonds used to finance spaceports.

Republicans established the fund to ease pressure on rural providers facing Medicaid and ACA insurance cuts.

The rating agency pointed to potential financial pressure from tax and other changes on the federal level for the state's outlook revision.

The short-end correction has been "driven by a solid labor market report, which pushed Treasury yields higher as expectations for additional Fed rate cuts tempered," said Alice Cheng, director of municipal credit and investor strategy at Janney.

Deston High School defaulted on series 2021A, 2022A and 2022B bonds.

How Congress and the Trump administration navigate the next several months carries implications for municipal issuers and investors.

Bond lawyers, municipalities, and transportation officials are moving towards greater use of public private partnerships for infrastructure projects bogged down by capital constraints and high risk.

S&P Global Ratings cut the Toms River Regional School District to A-minus from A, ending a negative CreditWatch but assigning a negative outlook.