Public finance

The deal for new bonds will likely be passed but experts say the final Plan of Adjustment may not lead to a sustainable recovery for the island.

Developers of a $240 million hotel at the U.S. Air Force Academy Visitors Center in Colorado Springs are appealing to investors with an appetite for risk.

The hires come as Congress is expected to pass a massive infrastructure bill that includes P3 provisions.

Friday’s data suggested inflation remains a problem, as the voices calling for Federal Reserve action increase.

Payments under the opioid settlement are too short-lived to securitize and local government participation remains unclear.

Lawmakers say they will support legislation backing the Plan of Adjustment, which has been a major hurdle for completion of the debt restructuring plan.

New York’s Hudson Yards development on Manhattan’s West Side was able to cover its debt service obligations despite the effects of the COVID-19 pandemic.

Municipals have mostly held steady as bid-wanteds have risen, but so have yields and ratios, making for a more satisfactory range for investors getting into the market at these new higher levels.

Judge Swain keeps the process on schedule to start the Confirmation Hearing on Nov. 8.

The board also offers to approve other spending in exchange for local government approval of new bonds and other measures for the Plan of Adjustment.

Chicago Mayor Lori Lightfoot's finance team laid out plans to tap more than half of $9 billion of existing and proposed borrowing authority through 2022 to refinance debt for savings and fund infrastructure and pandemic recovery efforts.

Peter Delahunt, who spent 26 years with Raymond James, has been hired by StoneX to help build out its muni business.

With interest rates on the rise, and mom and pop retail expected to become more relevant, there may be an opportunity for issuers to save money in a part of the curve that has been ignored for too long.

New York's governor leaned on the Port Authority to pause the LaGuardia project amid wider debate about regional infrastructure.

Another round of inflows was reported from the Investment Company Institute — the 31st consecutive week — but they came in at $308 million for the week ending Oct. 6, the lowest since outflows in March.

Bond insurer Ambac Assurance joined other creditors in saying without local government support, they may withdraw theirs for the Plan of Adjustment.

States so far have taken the lead in mileage-based user fee programs, which would now be taken up on the federal level for the first time.

Kroll Bond Rating Agency lifted its outlook to positive before Lee County sold bonds for the Southwest Florida International Airport.

The pandemic exposed weaknesses in the old ways of doing things, he said during a virtual Citizens Budget Commission awards presentation in New York.

A fresh debate on the debt ceiling could come as soon as December, as Congress also faces deadlines on surface transportation and stopgap government funding.