Public finance

The New York Fed said the tech sector's employment contraction impact on the New York City economy was unlikely to be significant.

The bill would allow information about the financial impact of ballot measures to be placed in the voter information guide, rather than on the ballot.

The Southern California Public Power Authority plans to price $700 million in revenue bonds for improvements to a 488-mile power transmission system.

S&P, Fitch and Moody's have all raised their ratings on the Garden State's general obligation bonds within the last week.

Strong demand in the primary market is leading to the oversubscription of many new issues. Municipals and USTs were better again as macroeconomic concerns pressure equities.

The upgrades add to the city's ratings upswing across credits that Mayor-elect Brandon Johnson will inherit from Mayor Lori Lightfoot.

Through the fiscal year's first eight months, revenues are 17.2% above projections.

Stabilizing pension debt as a share of GDP re-frames the discussion on pension fund problems.

Federal Reserve policymakers scaled back their expectations for rate hikes this year after a series of bank collapses roiled markets last month, and stressed they would remain vigilant for the potential of a credit crunch to further slow the economy, a record of the meeting showed.

Alabama officials and private interests say large reserves of metallurgical coal, a necessary ingredient in steel production, will spell economic fortune.

President Biden has vetoed the recent congressional resolution that would have overturned protections provided by EPA's clean water rule.

Ongoing litigation and a state investigative audit could impact bonds for a $5 billion expansion even if the debt is validated by the Oklahoma Supreme Court.

Brian Wynne joins Jefferies as co-head of the municipal syndicate, while Morgan Stanley continues to see turnover in its muni ranks.

The second half of 2023 may see a slowdown, perhaps even a mild recession, said Daniel Close, the newly named head of municipals at Nuveen.

It's the firm's third office in Alabama and part of an investment capitalizing on growth of some high-tech industries in the state, the firm's chair Christopher Maddux said.

The federal funds may not go as far amid inflation, but they still cushion the construction industry struggling with economic challenges.

The early termination of the agreement is the latest setback for Legacy Cares, Inc., which has defaulted on bonds sold to finance the facility.

Illinois' public universities continue to reap ratings and aid benefits from the state's positive rating trajectory and healthy near-term revenue landscape.

Fitch Ratings raised New Jersey's issuer and general obligation bond ratings just days after Moody's Investors Service upgraded its ratings on the Garden State ahead of next week's s $1.1 billion bond sale by the state Economic Development Authority.

The Puerto Rico Oversight Board wants the district court's PREPA bankruptcy to continue even if an appeals court considers the bondholders' appeal of a lien ruling.