Public finance

Legislation to increase the affordable housing supply which often includes bond sales is getting attention in Congress as the bipartisan ROAD to Housing Act hits a speed bump.

Four of Dallas Area Rapid Transit's 13 member cities took action to ask voters in May whether they want to withdraw from the agency.

Issuers mostly avoided pricing deals in the previous weeks the Fed met this year, but that's not the case this week, said Pat Luby, head of municipal strategy at CreditSights, and Wilson Lees, an analyst at the firm.

States face broadening credit challenges, and while local governments have shown resilience, school districts are more at risk, S&P Global Ratings said.

This is the first upgrade of bonds supported by assets currently or formerly in the Puerto Rico government's hands since the passage of PROMESA in 2016.

Much has changed since October and most economists are sure the FOMC will lower rates by 25 basis points this week, with dissenting votes expected.

Investors are about to get a chance to buy bitcoin-backed municipal bonds. It won't be the last, according to the team behind the New Hampshire-based deal.

The tax-exempt muni market has performed "exceptionally well" so far this week, outperforming USTs, said J.P. Morgan strategists led by Peter DeGroot.

The Trump administration is requesting information on revitalizing Dulles International Airport, including the possibility of tapping a public-private partnership.

Cintra submitted a proposal calling for four new tolled managed lanes on I-76 that would be structured as a $5 billion, 50-year design-build-finance-operate-maintain P3.

SRI International had its outstanding bonds downgraded to Baa1 because of its exposure to declining federal grants.

C. Christopher Trower was the lead attorney before the Supreme Court in a case that upheld states' rights to preferential tax treatment of their own bonds.

The Regents of the University of California will sell $2 billion of bonds next week after yanking a $1.5 billion summer deal amid Trump administration threats.

Robust issuance this year has contributed to muni underperformance relative to other asset classes, but it also has "improved after-tax relative value for investors in higher tax brackets," said Sam Weitzman of Western Asset.

Race and sex-based preferences were removed from the state's Historically Underutilized Business program, which will focus exclusively on veteran-owned firms.

As South Dakota becomes the latest Midwest state to consider property tax reform, some officials are scrutinizing school districts more closely.

Dozens of lawmakers are bailing out of Congress before the midterm elections adding new wrinkles to the fading possibility of a second budget reconciliation which could require revenue raisers detrimental to the muni market.

The Local Government Commission approved bonds for Raleigh, Duke University Health System and Deerfield Episcopal Retirement Community.

The roster change comes as the powerful committee tackles the next surface reauthorization bill.

The revenue bonds will fund highway improvements expected to spur economic development in West Alabama.