Investments

His bill follows unsuccessful efforts by the territory's Senate to increase oversight of its Water and Power Authority.

A bipartisan group of senators negotiating a broad infrastructure deal has reached accord on a plan, the top Republican negotiator said, and debate could begin in the full chamber as early as Wednesday night.

Geithner and colleagues including five former central bank heads released a raft of recommendations to bolster the resilience of the market for Treasuries.

A Moody's report highlights stark contrast in recovery between tourist hotspots such as Florida and metro areas like New York City and the San Francisco.

Lawmakers are considering a bill to credit state employees with three extra years of service for work done outside their homes over nine months of 2020.

The economy continues to recover, with durable goods orders and consumer confidence suggesting strength, but concerns about the Delta variant of COVID-19 and continued supply-chain problems cloud the future outlook.

The Oversight Board reached the deal with Ambac Assurance and Financial Guaranty Insurance Company on PRIFA rum tax bonds. The two insurers had been important holdouts from the central government debt deal.

The hiring of an underwriter moves the city closer to a debt restructuring that is called for in a legal agreement with holders of defaulted bonds.

New York City budget director Jacques Jiha says proactive moves such as building reserves helped the city weather COVID-19 fiscal challenges. Paul Burton and Chip Barnett host. (23 minutes)

With municipal yields at exceedingly low absolute levels, the spread tightening between credits also continues.

The pilot program aims to expand its all-to-all Open Trading marketplace by allowing investor clients to select a diversity dealer to intermediate in secondary trading.

The IRS is seeking comments on a change that may benefit many issuers.

Preliminary yields in the offering memorandum show spreads of 112 to 169 basis points over triple-A benchmarks, substantially lower than spreads seen in a successful speculative grade PRASA refunding in December.

The last week of July marks a lighter calendar while August redemptions are huge compared to the expected supply. Investors need to get in line and likely accept lower yields and continued historically low ratios.

Bill Glasgall of the Volcker Alliance and Bond Buyer Northeast Regional Editor Paul Burton will explore how states have balanced priorities during the pandemic, and what challenges await.

While the truckers returned to work Thursday night, their union said board interference could lead to a renewed strike.

It was a busy quarterly board meeting for the MSRB.

Out-year deficit borrowing looms after massive federal aid runs out, Chief Financial Officer Robert Foran tells the board.

The economic impact of the strike will depend on how long it lasts and how many truckers stick with it.

Low ratios, low yields and massive demand are leading to a market that is mostly on its own. Refinitiv Lipper reported $1.7 billion of inflows.