Public finance

Gov. Tom Wolf has threatened a spending freeze and rating agencies have threatened more downgrades.

Municipal bonds were weaker, traders said, as they look to the $7.42 billion new issue slate, headed by deals from New York City and Maryland.

The poor state of America’s infrastructure has been widely discussed and well-documented. To tackle this challenge, it is vital that Congress support and provide public funding.

Municipal bond traders were returning to their desks on Monday and looking ahead to the week’s $7.42 billion new issue slate, which will be dominated by big bond deals from New York City and Maryland.

A dearth of state paper bodes well for the sale, says state finance director Sandi Thompson.

The city council must vote on the deal and voters must also approve the terminal reconstruction project.

Volume in the primary municipal bond market is expected to climb to a more normal level of almost $7.5 billion.

Public school teacher pensions remain in bad shape nationwide even after some recent positive developments, a reform advocacy group said Friday.

Consumer credit increased by $18.5 billion in July to $3.753 trillion, the Federal Reserve reported Friday.

Former Treasury official Kent Hiteshew will keep his hand in infrastructure, Puerto Rico issues.

Minnesota must grant permits before work on the Red River project continues, the ruling says.

They outlined the importance of the $13 billion tunnel linking Amtrak and New Jersey Transit to Penn Station.

State funding for K-12 school districts has been restored after a compromise between lawmakers and the governor.

Top-shelf municipal bonds were stronger at midday, according to traders, who are looking ahead to next week’s new issue calendar, which is estimated to total $7.42 billion.

The capital city has threatened to file bankruptcy in 60 days if it doesn't get sufficient state help.

Municipal bond traders on Friday are looking ahead to next week’s new issue calendar, which will be dominated by big bond deals from New York City and Maryland.

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, fell to 3.98%, from 3.99% last week.

The offering follows the resolution of legal challenges to toll rate increases.

Mayor Luke Bronin told Gov. Dannel Malloy and lawmakers that Chapter 9 for Connecticut's capital is inevitable if the state cannot pass a budget.

Lower-rated issuers like Puerto Rico have been slower to rebound from past natural disasters, municipal analysts said.