Investments

The bipartisan plan unveiled Tuesday by Senate and House lawmakers includes $160 billion for state and local governments, $82 billion for schools, $15 billion for transit agencies, and $4 billion for airports.

Uncertainties loom as Mayor Bill de Blasio’s budget team scrambles to craft the balanced fiscal 2022 spending plan he must reveal by late January.

Refinitiv Lipper reported inflows of net $201 million for the week ending Dec. 2, down from $386 million the week prior.

Moody's downgraded Wisconsin's largest city by one notch due to budgetary pressures.

MDOT will pay $250 million in the settlement, but answers to financial questions, including whether more bonding will be needed, have not been revealed.

Twin Cities International School and MIMCS Building Company announced the reversal in a public notice filed Monday.

SCANA Corp. and South Carolina Electric & Gas Co. will pay a $25 million penalty for making false and misleading statements about the failed reactor project.

West Covina faces shrinking reserves and growing liabilities. Its mayor responds that it is working on solutions, but the pandemic challenges its efforts.

The Senate will have a special session on the deal, which does not include a previously mandated interest rate cap, on Tuesday, Dec. 8.

Until supply increases, year-end demand has munis outperforming. ICI reports another multi-billion week of inflows.

Jersey Shore gambling hub's financial progress under state supervision amid coronavirus headwinds prompted rating agency to revise junk-rated city's outlook to positive.

Florida’s privately owned passenger train company, which halted service citing the coronavirus pandemic, is bringing $950 million of nonrated private activity bonds.

The governor-elect also plans to appoint Manuel Cidre as secretary of economic development and commerce.

An unregistered investment adviser told the city he would invest $9 million of its funds, but instead transferred some of the money to himself, the SEC found.

The university will begin its two-day retail order period Friday.

Munis are likely to lag Treasuries in some fashion once year-end empathy settles in mid-month and ratios become a factor.

The Pine Tree State is positioned to withstand revenue uncertainties stemming from the COVID-19 pandemic thanks to healthy reserves, according to analysts.

SIFMA told a federal court that the SEC's process failed when it announced the temporary conditional exemption for muni advisors.

Stephen DeGroat, Rockland County commissioner of finance, explains how the large suburban municipality north of New York City turned budget deficits into surpluses through deficit financing, staff reductions and closing a county-run hospital. Andrew Coen hosts. (14 minutes)

With interest rates near zero, and expected to remain there. money market funds may no longer be attractive to individual investors.