Investments

Moody's Ratings cut the issuer rating for the District of Columbia to Aa1 with a negative outlook, which the city CFO blames on federal workforce reductions and weakness in the commercial real estate market.

The escalating dispute between the prestigious issuer and the White House is spooking some bond holders and creating opportunities for others.

A mix of pay-as-you-go, bond proceeds and federal grants bolster the infrastructure of Mobile, Alabama, which is getting a new arena, air terminal and bridge.

The commission also approved converting a GO bond sale from competitive to negotiated.

The market is still in a negative technical period, said Chris Eustance, a portfolio manager at Morgan Stanley Investment Management.

Chicago's Regional Transportation Authority plans to return to market next Monday with $130 million of Series 2025A general obligation bonds.

Accusations are flying between the Republican state treasurer and attorney general, adding fuel to a battle that started last year.

Working in the public interest was "very satisfying," the longtime SEC lawyer said.

In the coming year, we'll find out if public pension disclosure and transparency have improved enough to protect municipal bond investors.

Four teams of University of Chicago public policy students presented their answer to the challenge: What can the city do to create a thriving downtown?