Munis

Most federal lease debt has large bullet maturities that require refinancing, asset sales or a new lease to avoid default.

Washington, D.C., Mayor Muriel Bowser declined to rule out tapping public money to renovate RFK Stadium to lure the NFL's Washington Commanders back to the city, though Council members are divided on the plan.

Texas officials are eying ways to protect a massive state-funded school property tax cut from being eroded by local bond issues and tax increases.

In 2017, Congress moved from budget resolution to reconciliation legislation in less than six weeks.

As Congress begins hammering out the budget resolutions that will shape the country's fiscal future, muni lobbyists double down on efforts to keep the tax-exemption in place.

The legislation comes as the municipal market industry fends off threats to tax-exempt municipal bonds.

The rating for Baylor Scott & White Health in Texas was upgraded, while Presbyterian Healthcare Services in New Mexico was downgraded by Moody's.

Portfolio managers seem more sanguine about threats to the tax exemption from Congress.

The deeper the proposed cuts, the more the municipal market fears for the fate of tax-exempt bonds.

Charter schools drove the worst January ever for impairments since Municipal Market Analytics began tracking default trends, the firm said in a Feb. 5 report.