Investments

The Democratic governor will have continued powers to thwart proposed wealth taxes from progressive members of his party after Republicans prevented a veto-proof Senate majority.

There is a pervasive belief that Joe Biden is likely to be more effective reaching across the aisle than Donald Trump.

Skanska and its Elizabeth River Crossings partner, Macquarie Infrastructure Partners, will sell the concession to an Abertis Infraestructuras S.A.-led venture.

The COVID-19 pandemic pushed the Henry Ford Village continuing care retirement community over the fiscal cliff and into a Chapter 11 filing.

Municipal yields rose as much as five basis points on the long end, but the losses were not as pronounced as UST. Light dealer inventories and scarce secondary trading let munis outperform Treasuries.

Jeanne Holm, appointed by Mayor Eric Garcetti, will help guide the city government through its worst financial crisis in a decade.

The IRS will post quarterly updates of its enforcement strategy on the webpage of the Tax Exempt and Government Entities Division-Compliance Programs and Priorities.

S&P Global Ratings downgrades the Garden State's general obligation bonds one notch to BBB-plus from A-minus.

As the week drew to a close, municipal bond market participants looked ahead to a smaller-than-usual supply slate dominated by revenue bond deals.

To little surprise, the Federal Reserve left interest rates unchanged. Refinitiv Lipper reported tax-exempt muni bond funds lost about $954 million.

TMI Trust agreed to a settlement that allows bondholders to be paid interest during the Chapter 11 case of the Roman Catholic Archdiocese of New Orleans.

Moody's deemed both the likely passage of San Francisco Unified School District's parcel tax and Los Angeles USD's $7 billion bond measure credit positives.

A change in status would have both upsides and downsides for the island territory.

Top-rated muni yields fell by as much as 10 basis points on the AAA curves on Wednesday the largest move better for the market since late April, early May. ICI reported $1.2B of muni bond fund inflows.

The legalization is projected to generate about $120 million for the fiscally stressed state once the market gets established, which won’t be for another two to three years.

After two failed efforts to bring light rail to one of Texas’ most congested cities, voters approved the Project Connect measure.

In unofficial election results, four Virginia cities appear to have won approval to open the state's first casinos; a dozen bond referendums won tentative approval.

The state's voters weighed in on a shrunken slate of school bond measures, a split-roll property tax, and a bond measure to fund stem cell research.

A nonbinding referendum on U.S. statehood was leading with more than 52% support, with more than 95% of votes counted, the Associated Press reported.

After leaving Assured Guaranty in 2011, Randy Gerardes is now back with the firm.