Public finance

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.

Swain said she would review the consistency of the proposed Plan of Adjustment with the certified fiscal plan in deciding whether to approve it.

The lion's share of the deal is taxable, with a $20 million tax-exempt new money series; proceeds from the taxables will refund outstanding debt.

The board wants the deadline for retail bondholders to vote on the Plan of Adjustment to remain Oct. 18.

The increase in yields and spread widening across municipal sectors has given some pause to high-yield investors after months of stagnation.

A nonprofit that funds charter schools for low-income students is set to price a $233.5 million of revenue bonds Wednesday.