Public finance

National Public Finance Guarantee's ability to write new business is in question after a downgrade to A, three notches below competitors Assured Guaranty and Build America Mutual, which were both affirmed at AA.

Top-rated municipal bonds finished stronger on Monday, according to traders, who were looking ahead to Tuesday, when the first of the week’s new issues head into the market.

North Carolina Gov. Roy Cooper will veto the biennial budget, although an override is anticipated.

DIXON, Ill. -- The county continues to work out plans to build a new law enforcement center, but recent estimates show the jail will cost more than estimated, and there will be less money than projected to pay for it.

Iowa’s weaker-than-projected revenue collections are so far manageable, Moody’s said.

S&P Global Ratings said it lowered its financial strength rating on National Public Finance Guarantee Corp. (National) to A from AA-minus and its long-term counterparty credit rating on MBIA Inc. to BBB from A-minus.

Lawmakers rush to beat deadline as the latest FAA authorization is set to run out on Sept. 30.

The union rank and file must OK the agreement as a budget deadline nears.

Alaska lawmakers passed a budget to avoid a government shutdown, without tackling underlying problems.

New York municipalities may see a lapse in tax collections absent new legislation, according to Fitch Ratings.

Top-rated municipal bonds were stronger at mid-session, according to traders, who were looking ahead to Tuesday when the first of the week’s new issues head into the market.

As the end of the fiscal year for most states’ is approaching, there remain a handful of key states who have yet to pass a budget.

Municipal bond traders are looking to see an average sized new issue slate price into the market this week as they eye yields which have been little changed as of late.

Florida’s utilities expect to take on more debt to develop alternative water sources, Fitch Ratings says.

Pricing wires for competitive bond offerings

Pricing wires for negotiated bond offerings

Although the volume for the primary market will fall toward a more normal level, demand isn't expected to waver.

The governor said the Oversight Board lacks the authority decide about staffing levels and personnel spending.

Maryland asked a federal appeals court for an emergency order restarting the $5.6 billion Purple Line P3.

Michigan lawmakers approved fundamental changes to retirement benefits for teachers.