Public finance

Acting Chief Financial Officer Steven Mahr and Deputy CFO Noor Shaikh left Chicago Mayor Brandon Johnson's administration as internal battles became public.

Carey R. Troell has rejoined Greenberg Traurig as a shareholder in its Houston office, the law firm announced this week. 

The Oklahoma Council of Bond Oversight approved up to $2.9 billion of bonds to continue financing of a turnpike expansion program and to refund outstanding debt.

This acquisition provides ICE's platform with more influence over the fixed-income marketplace.

The city brings $122.2 million of GO bonds to market next week, believing its investment-grade ratings outweigh the defaults of the Puerto Rico government.

The muni market is enjoying more favorable tax-exempt yields, NewSquare Capital's Kim Olsan said; they may be helping the market ignore the fallout from the FOMC meeting.

A new law in Virginia goes into effect as attorneys provide counsel about economic development authorities serving as conduit bond issuers for affordable housing communities.

Jefferson County School District R-1's lawsuit comes after the U.S. Department of Education threatened to withhold federal funding over transgender policies.

Moneta believes IMTC's technology will help onsolidate its "fixed income portfolio construction, optimization, compliance and reporting into a purpose‑built bond platform."

The budget timeline emerged as a flashpoint when the Chicago Board of Education held hearings last week in the run-up to a consequential vote Thursday.

The muni market is going through a period of "consolidation, not to be confused with deterioration," according to Hennion & Walsh's James Pruskowski.

Beneficial rainfall allowed the Texas city to move its timeline for a projected water supply emergency to September 2028 from the same month in 2027.

Fitch cited very strong revenue defensibility and the expectation the utility's finacial profile and performance will improve.

"New Fed chairs often face unexpected monetary system challenges and bond investors want to be reassured that the Fed will be serious about addressing those challenges," D.A. Davidson's James Ragan said.

School districts face competition from a state-funded voucher program and financial challenges that in some cases have led to negative rating actions.

The strong day for munis and USTs is likely due to the United States pausing its military strikes on Iran, said Ajay Thomas, head of public finance at FHN Financial.

"It behooves everybody to get something consensual," said a Florida bankruptcy attorney.

Washington using a pension fund surplus to close a budget shortfall sets a bad precedent, said a Morningstar DBRS analyst.

Leverage issues led to Fitch lowering the outlook on the AA-minus-rated bonds.

City governments' circumspect approaches to AI could likely be attributed to varying public perception.