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Tennessee's general obligation bonds got a boost to AAA Thursday by S&P Global Ratings, which cited the states sound operations and improving economy.
May 26
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The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, rose two basis points to 3.90% from 3.88% in the previous week.
May 26 -
Port St. Lucie, Fla., will only recover 6% from the bond-laden incentive package the city used to lure a digital effects studio to town.
May 26
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Water infrastructure bill adopted by House panel does not include drinking water provisions found in Senate committees plan.
May 26
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President Obama is threatening to veto legislation approved by the House that would effectively block the District of Columbia from achieving budget autonomy and home rule.
May 26
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Oregon panel says state needs an additional $964 million per year to maintain and protect its existing transportation infrastructure.
May 25
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Airport groups, public power systems and a muni advocate group have joined the growing chorus of muni market participants calling for the Internal Revenue Service to withdraw its proposed rules on political subdivisions.
May 25 -
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Chicagos second shot at fixing one of its woefully underfunded pension funds offers investors at least a small sign of progress, several market participants said.
May 24
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House Appropriations Committee adopted a proposal to increase highway and transit funding by $1.25 billion in 2017.
May 24
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Chicago would raise its contributions to its laborers pension fund by at least 30% annually under a new plan to stabilize the fund and steer it away from its path to insolvency.
May 24
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State and national transportation groups oppose Senate plan to reclaim more than $2 billion of unobligated highway funds.
May 23
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Former Massachusetts assistant treasurer Colin MacNaught has launched tech company BondLink to help muni issuers manage debt management programs.
May 23
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