Public finance

The bill has a $63 billion in spending for non-defense discretionary programs in the 2018 fiscal year ending Sept. 30, including $10 billion more for infrastructure programs.

Mnuchin will hand-deliver documents related to the loan in his first visit to the territory as a public official, he said.

Chicago Public Schools officials say the deal won't include any scoop-and-toss restructuring for budget relief.

The project would get money from Amtrak, capital investment and other accounts under the omnibus spending bill, the details of which are expected to be released later today .

Some of the legal precedents potentially being set in Puerto Rico erode the expectations and good order of the municipal bond marketplace that finances the activities of states and municipal instrumentalities nationwide.

Puerto Rico's default is generating concern over mainland special revenue bonds and distressed issuers, and undercutting confidence in municipal credit nationwide.

The loan would provide funds for capital improvements which were supposed to be funded by $10 million in bond proceeds the school district misused.

Democratic challenger J.B. Pritzker will take on Republican incumbent Bruce Rauner.

Primary and secondary activities were an afterthought Wednesday as the municipal market focused on the interest rate announcement from the Federal Reserve Board.

Walter Higgins is to be paid $450,000 per year plus bonuses if metrics are met.

New Jersey Gov. Phil Murphy wants his first budget proposal to begin a turnaround for the state’s mass transit system.

The municipal market concentrated on a Federal Reserve Board 25 basis-point interest rate hike, while keeping an eye on falling snow.

Climate Bonds Initiative of London cited the authority's $662 million green sale.

They say the city’s massive capital program needs right-sizing to solve a problem that goes back several administrations.

A state bill to restructure the Santa Rosa Bay Bridge Authority’s bonds didn't pass; one analyst said it could have violated contract laws.

President Trump has threatened to veto this long-delayed omnibus if it contains a $900 million appropriation for Gateway that the House approved in September as part of a spending bill for the Transportation and Housing and Urban Development Departments.

The municipal market completed a few competitive deals and one notable negotiated sale on Tuesday, while awaiting the conclusion of the Federal Open Market Committee meeting.

Debt is being issued to refund the Karegnondi Water Authority's 2016 bonds and fund remaining pipeline construction costs.

The municipal market and its participants got a few competitive deals, but the two-day Federal Open Market Committee meeting looms large.

School of the Osage School District voters will be asked in less than two weeks to approve a $23 million bond issue that will impact every grade level with an eye to the future.