Investments

The bullet train's delays and cost overruns amount to a material project change and event of default under the federal-state agreement, the FRA said.

The Metropolitan Washington Airports Authority is pricing $714.4 million worth of airport system revenue and refunding bonds on Thursday as part of a scheduled sale with an uncertain demand.

Washington has paid off $198 million of its bonds supporting the mixed-use development at The Wharf fifteen years before their maturity date bringing some good financial news to a city wrestling with its budget.

City comptroller Brad Lander says there's no legal mechanism to issue bitcoin bonds, whatever Mayor Eric Adams may have told a cryptocurrency conference.

The deal to buy the for-profit University of Phoenix faced opposition from the state attorney general and lawmakers and rating agency questions.

The muni market's self-regulatory organization has undergone major changes in its five decades, and challenges are ahead.

"We're going to get a lot of price discovery with the big deals, a large number of deals, and then a lot of cash to put to work," said Whitney Fitts of Appleton Partners.

BlackRock Inc. was removed from Texas' blacklist of companies that "boycott" fossil fuels, ending a three-year standoff over the firm's environmental policies.

A legislative office predicted the tax cut package would lead to a loss of $500 million a year rather than be revenue neutral.

The longtime muni bond strategist left Wells Fargo earlier this year.