Investments

The Federal Reserve Board governor said adopting policies on climate change are not necessary and risk hurting the central bank's credibility.

"This is a historic accomplishment — setting new records for the largest single-month revenue and personal income tax collections in state history," said Gov. Jim Justice.

Democrats and Republicans each said the other party's position on ESG investing carries additional costs for states.

One analyst says the final figure will be closer to the Puerto Rico Oversight Board's estimate than the bondholders'.

The CPI numbers coming in pretty much as expected "was a relief" to the markets, with the bond market rallying after the release, said Luke Bartholomew, senior economist at abrdn.

The Securities and Exchange Commission will be issuing two different rulemaking proposals to address the controversial Financial Data Transparency Act.

"This recent escalation of the Disney-DeSantis fight is unnerving, but it doesn't make that fight any more consequential for the municipal market," said Justin Marlowe of the University of Chicago.

Fiscal '24's capital financing program leans on a mix of state and federal debt and over $900 million in bonds.

Despite the attraction for new issues, sources said there is still uncertainty overall in the municipal market stemming from the regional banking crisis.

The repercussions of the train derailment in Ohio are a rallying cry for regulation.

Without a consensual plan, the bankruptcy could be dismissed.

The acrimonious relationship between the university and its private partner has spilled into the courts and underscores that P3 deals don't remove all risks.

The application is a web-based workflow tool that houses data in a centralized location to reduce the need for users to go hunting all over the place for basic information, documents and records.

A downgrade of the nation's credit would shake the muni market.

Now that there is more "clarity from the Fed on the path of interest rates, both investors and issuers may start to move off the sidelines," said Daniel Close, head of municipals at Nuveen.

Although Hawaii lawmakers nixed his proposed tourist tax, Gov. Green points to positives.

If implemented, New York's congestion pricing plan will be the first in the nation.

The Municipal Forum of New York presented awards to four people at its annual fund-raising dinner in Manhattan on May 3. Money raised at the dinner is used to support the Urban Leadership Fellows internship program to support high school seniors heading to college.

Harris Health System is asking Harris County to place a bond proposition on the November ballot.

Investors will be greeted Monday with a new-issue calendar estimated at $7.588 billion.