Public finance

Puerto Rico’s debt cannot be canceled by order of the president, restructuring experts and a key congressman said.

Puerto Rico bonds plunged on Wednesday after President Donald Trump suggested the commonwealth’s debt needed to be “wiped out” to help the island recover from the devastation caused by Hurricane Maria.

The governor said he would borrow against $1.25 billion in profits from the state liquor system.

Jefferson County, N.Y., legislators approved a resolution to issue $99 million in revenue bonds for Samaritan Medical Center.

The city wants to quickly pick an advisory team and update the timeline on its Lambert Airport privitazation plan.

A lower court rejected many residents' arguments, including one about how bond proceeds will be used to buy amenities from the developer.

Puerto Rico bonds took a big hit on Wednesday after President Donald Trump suggested the commonwealth’s debt needed to be “wiped out” to help the island recover from the devastation caused by Hurricane Maria.

Puerto Rico bonds took a hit on Wednesday after President Donald Trump suggested the commonwealth’s debt would need to be wiped clean to help the island recover from the devastation caused by Hurricane Maria.

President Donald Trump's budget chief said not to take the president's suggestion that Puerto Rico's debt would be "wiped out" literally, as the territory's bonds plunged to a record low on Wednesday.

President Donald Trump suggested that the government debt accumulated by bankrupt Puerto Rico would need to be wiped clean to help the island recover from the devastation caused by Hurricane Maria.

Puerto Rico’s general obligation bonds maturing in 2035 have lost a fifth of their value in secondary trading on concern over the economic impact of the storm.

Oyster Bay Town Supervisor Joseph Saladino proposes slashing outstanding debt by $50 million in his first budget proposal since taking over the junk-rated Long Island municipality eight months ago.

The Oklahoma Department of Transportation is scaling back on highway and bridge projects.

Bonds financing a portion of the Cavaliers Arena transformation will be sold this week.

Top-rated municipal bonds finished mixed on Tuesday as the Dormitory Authority of the State of New York competitively sold almost $1.7 billion of bonds in a handful of offerings.

Top-rated municipal bonds strengthened at mid-session as the Dormitory of the State of New York competitively sold almost $1.7 billion of bonds in a handful of offerings.

Franklin Regional School District's financial adviser has recommended the board issue $9.9 million in bonds.

The municipal bond market will be watching as the Dormitory of the State of New York competitively sells $1.7 billion of bonds in five separate offerings on Tuesday.

Top-rated municipal bonds finished mixed on Monday, according to traders, who were seeing the first of the week’s new issues hit the screens.

Robert Lamb of Lamont Financial Services is a veteran of municipal turnaround efforts in Connecticut.