Public finance

They see aggressive assumptions and a failure to tackle long-term problems like pension underfunding.

Puerto Rico was by far the largest recipient of emergency relief funding allocated by the Federal Transit Administration.

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, fell to 3.96% from 4.00% the week before.

Moody's Investors Service issued a sobering take on the state's liabilities as lawmakers celebrated passage of an on-time budget.

As the last of the week’s larger new issues came to market, municipal bonds finished stronger on Thursday.

The U.S. Department of Transportation told All Aboard Florida that it now has until Dec. 31 to sell the $1.15 billion of bonds.

The disagreement over at-will employment is the latest episode on a struggle over policy measures intended to pull the territory out of recession and help in payment of its debt.

A recent survey revealed that Davidson County voters overwhelmingly support an education bond package, but have little desire to pay for a new sports complex.

Rep. Mike Tobash and Treasurer Joe Torsella chair a panel that will seek a combined $3 billion in savings for the state's two top pension plans.

New York City Health + Hospitals chief Mitchell Katz must navigate fiscal and political land mines as he sets out to fix a notoriously troubled unit.

The Federal Transit Administration rules will take effect on June 29 of this year.

New money deals helped issuance rise for the third straight month in May.

A settlement would free up some state-intercepted revenues for the city while sending some overdue contributions to the funds.

Municipal bonds were stronger at midday, holding onto hefty gains made earlier in the week as the last of the week’s larger deals came to market.

The market’s performance amid this week’s volatility shows many municipal investors are in it for the long haul. They need that coupon.

A new Pawtucket Red Sox stadium financing plan unveiled by House leadership late Wednesday would use future tax revenue in a large area of the city's core to pay for a new ballpark and surrounding infrastructure. It would also give public officials the power seize land for the stadium by eminent domain.

Economic development and infrastructure were the most mentioned issues by mayors in their annual states of the city addresses.

Municipals participated in a safe-haven trade on Wednesday following the Treasury-led rally on Tuesday.

Investors, already frustrated with the lack of progress since PROMESA was passed, face at least another two years before most debt payments will resume.

Municipal bonds on Wednesday added on to the gains made during Tuesday’s rally.