Public finance

New Jersey’s financial stress is influencing investors, as reflected in recent trading levels.

ARKANSAS

GEORGIA

The sovereign powers and strong general obligation repayment statute supporting Illinois’ investment-grade ratings are being tested by budget gridlock and what one analyst describes as approaching “service level insolvency.”

Private investment plan revives long-stalled Oklahoma highway project to complete a road loop around Tulsa.

The SEC wants a Puerto Rico federal court to agree that Jose Ramirez, a former UBS Puerto Rico employee, engaged in a scheme to defraud investors in closed-end funds with large investments in Puerto Rico bonds.

The past 20 years have seen a transformation in the municipal market, marked by technological advances, tougher regulation and an increase in credit quality concerns.

IOWA

ILLINOIS

All Aboard Florida said it anticipates launching its Brightline-branded private passenger train service between Miami and West Palm Beach in September, following an introductory roll-out phase.

ALABAMA

IOWA

Infrastructure needs direct federal funding, not tax breaks for private investments, U.S. Sen. Charles Schumer said in New York.

CALIFORNIA

ARIZONA

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, rose seven basis points to 4.32% in the latest week from 4.25% in the previous week.

The nation's deteriorating infrastructure will continue to decline without a resolution of a $2 trillion funding shortfall over the next 10 years, the American Society of Civil Engineers said.

Chicago is a standout as the "worst" among its big city peers in key pension system measurements, according to a new S&P Global Ratings pension report.

Former Washington State Treasurer Jim McIntire has joined Star Mountain Capital, a lower middle-market asset management firm, as a strategic advisor serving public pensions and other institutional investors.

Louisiana Gov. John Bel Edwards wants coastal protection projects added to the president's high-priority infrastructure list in order to receive expedited federal approval.