Public finance

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.

Volatility in the U.S. Treasury market continues to pull on municipal bond valuations, despite little trading volume.

The National Association of Bond Lawyers' new president intends to focus the group's efforts and provide support for infrastructure legislation in Washington.

Amendments would make it "impossible" to enact the Plan of Adjustment because the cost would be too high.

Municipals outperformed the move in taxables Friday but weakness hangs over the market as fund flows lessen and supply increases. Taxable munis may be keeping exempt rates from moving higher.

For 31 consecutive weeks investors put cash into municipal bond mutual funds but saw just $36.87 million of inflows in the latest reporting period while high-yield funds saw $460 million of outflows after $103 million of outflows a week prior.

Puerto Rico House leadership wants a guarantee of no pension cuts and other incentives in a debt bill.

The proposed budget taps one-third of Cook's $1 billion in federal COVID relief, makes a supplemental pension contribution and holds the line on taxes and fees.

DFW is getting ready for a rebound in passenger traffic, preparing a bond refunding and continuing to develop its terminals.

A deal to lift the debt ceiling through November would buy Congress time to hammer out Democratic agreement on the Build Back Better plan.

ICI reported $704 million of inflows, a $1.1 billion drop from the week prior, bringing the total to $76 billion year to date.