Public finance

Refinitiv Lipper reported $68.054 million was pulled from municipal bond mutual funds in the week that ended Wednesday after $775.006 million of inflows the week prior.

The agreement with the Army Corp of Engineers to dredge and widen the Port of Brunswick signed Monday is part of a wider development effort of Georgia's ports.

The economy was boosted by COVID and hurricane relief money, one economist says.

Fiscal stability rests on a solution to the debt ceiling debate.

The municipal bond market gets sucked further into the culture wars with Florida's latest plan to ban issuers from considering ESG factors when issuing debt.

Gov. J.B. Priztker touted the state's fiscal progress in his combined budget and state of the state speech.

A substantial drop in new money volume sets California and the Far West apart from the the country.

Inflows continued with the Investment Company Institute reporting investors added $2.194 billion to mutual funds in the week ending Feb. 8, after $1.471 billion of inflows the previous week.

"The board's arguments are bad for the future of infrastructure financing in the United States," Oversight Board member Justin Peterson said.

Spending on climate proofing infrastructure and other green capital developments increased 68% while overall volume tumbled 13% in the region.

"We urge you to use rescue plan money to make your community safer," Biden said. "Invest in affordable housing, get small businesses back on their feet, train your workforce." 

Rating analysts said dropping reserves to 0.25% from 5% to free up capacity does not impact the school bond guarantee program's triple-A ratings.

The Chamber of Commerce added Sen. Nancy Skinner's bill codifying the governor's proposal on oil companies to its 2023 job killer list.

Maurice "Mossie" Murphy Jr. died after a three-year battle with cancer.

"Markets were expecting (hoping, praying) to get further confirmation that a peak is in and the decline is at least steady, if not accelerating," said Jan Szilagyi, CEO and co-founder of Toggle AI.

Detroit raised its fiscal 2023 and 2024 revenue projections but is proceeding with caution as a potential recession could put a dent in collections and pressures loom as pension payments resume.

The board says the Ad Hoc Group of PREPA bondholders wrongly focused on "confirmation" issues in their attack on the board's proposed disclosure.

Midwest borrowing last year went from 11% year-over-year growth in the first quarter to a 48% plunge in the fourth quarter.

The jump signals a big pipeline of projects on the horizon.

The demographics of the public-sector workforce are likely to change, even as many state and local governments consider increasing wages and improving other benefits to attract and retain employees.