Public finance

The drought-stricken Texas city could face a water emergency as soon as May or October under scenarios presented to the city council.

There is a lot of money out there, and investors seem comfortable putting it to work.

Congressional leaders are plotting out plans to land the surface transportation reauthorization before a September deadline.

In this Market Intelligence analysis, Jeff Lipton warns that granting states access to Chapter 9 would be deeply disruptive, likely forcing muni yields higher and liquidity lower, while underscoring why states' legal protections and reserves still support strong willingness to pay.

With total costs for replacement soaring $15.2 billion, the $7.65 billion of core projects will be prioritized, Washington and Oregon governors said.

Minnesota Community Energy priced $803 million of prepaid gas bonds after a delay driven by volatility from the Iran war.

"A lot of the perception is the Iran situation and energy and everything else is temporary, so if municipal yields are higher, let's take advantage of it," said Pat Luby, head of municipal strategy at CreditSights.

Caught in the crosshairs of Trump's war on wind power, Revolution Wind fought two legal battles to continue its construction.

Without that claim, bondholders are fighting for repayment of about $8.5 billion.

Otero County commissioners approved an agreement with the federal immigration agency to avert a bond default despite a state law banning such contracts.

With no rate change expected, analysts are watching the new Summary of Economic Projections and the statement for insight into the panel's thinking.

If "we get another day of this, that will help the markets continue to trade in a better place," said Jock Wright, an underwriter at Raymond James.

The commission will oversee procurement after a previous bid faced litigation and allegations of conflicts of interest.

Two courts affirmed the federal government's obligation to fund the Gateway project. 

The house debated for 26 hours straight before approving the millionaires tax.

Ajay Pathak and Bill Reisner will co-lead a differentiated healthcare practice in Stifel's public finance group.

State authorization for $1.35 billion of taxable ratepayer-backed bonds sold in 2022 for Oklahoma Natural Gas Company is being contested in court.

The HOME deal is being priced through the Philadelphia Redevelopment Authority, but carries ratings on par with the city's issuer ratings.

"We're still seeing continued yield pressure out there from the market outlook investors have with the conflict in Iran," said Ajay Thomas, head of public finance at FHN Financial.

S&P Global Ratings cited the state's structurally balanced budgets and progress on improving the finances of its pension system.