Public finance

Sen. Mike Crapo of Idaho, who is expected to become chairman under a Republican Senate, has been receptive to increasing the limit on bank qualified debt.

Fitch Ratings cited concerns about LADWP's debt leverage in setting a negative outlook.

The budget cleared the Chicago City Council Tuesday. Rating agency and buy side reviews on the final plan will come next.

A voter-approved $5.5 billion bond measure gives the California Institute for Regenerative Medicine a new lease on life.

Sources said the JFK deal was massively oversubscribed, allowing underwriters to lower yields from 15 to 45 basis points.

The budget closes a $400 million general fund and health care system gap and rising structural costs without a tax hike

The Supreme Court decision in the Aurelius case that the Oversight Board was a local entity affected the U.S. Court of Federal Claims' decision.

He was remembered for an evenhanded persona amid a tumultuous term from 1990 to 1993.

Lawmakers choose a scoop-and-toss move despite calls for better targeting of the federal funds.

Municipals held firm ahead of this week's new issue slate, which features deals from issuers in New York and Texas. Treasuries weakened as stocks rose on positive coronavirus news.

Selling in a week with an expected light calendar should help the deal as will market fundamentals.

But the economy is still significantly smaller than it was a year ago.

Jennifer Johnston will replace Tom Walsh, who is retiring on Dec. 1.

New York's mayor says the budget for the 2021 fiscal year is balanced despite the coronavirus impacts.

Municipals continue to rally as market participants get ready to head into a quiet holiday week.

Gov. Albert Bryan Jr. is working with the territory's lawmakers on an internet sales tax and other revenue ideas to avoid a 42% pension benefit cut on Jan. 1.

Large blocks of New Jersey paper changed hands with yields that pushed spreads below 100 basis points on some maturities for the recently downgraded state.

Former Pennsylvania Gov. Edward Rendell said President-elect Biden will move on a pandemic relief bill early in his presidency and a robust infrastructure package would soon follow. Others see scaled-down aid and an upward partisan battle.

Sarah Mitchell, CFA and a portfolio manager at Mondrian Investment Partners, talks with Chip Barnett about one of the hottest sectors in the municipal bond market today – green bonds – and the possibility of the U.S. government issuing a sovereign green bond. (20 minutes)

The Finance Committee signed off on new money, refunding, and scoop-and-toss debt restructuring deals and finance teams to assemble and sell the bonds.