Muni market groups got a long-awaited win when the House passed banking legislation classifying certain munis as high-quality liquid assets, even if it wasn't as big a win as hoped.

The bank deregulatory bill passed by Congress on Tuesday would also make fewer banks systemically important and close a legal loophole that had allowed banks to defraud Puerto Rico investors.

Franklin County will sell $250 million of tax-exempt, local government special tax revenue bonds.

Early returns indicate there have been some problems but firms seem to be working through them in complying with the new markup rules, regulators and industry officials said Tuesday.

Moody's Investors Service, citing fiscal improvements, upgraded the city to Ba3.

The university can issue debt or pay cash to cover the settlement but either option has credit consequences.

The IRS is focusing on $435.2 million of Series 2014A senior lien revenue refunding bonds and $75.87 million of Series 2014C second lien revenue refunding bonds.

The board gave up on plan to reduce paid vacation and sick time and eliminate Christmas bonuses, but gained a promise of island-wide at-will employment.

Rising short-term rates and a lower corporate tax rate have already pushed some municipal issuers out of bank loans and back into the traditional muni space, analysts said.

Fort Worth was still savoring a victory for a $400 mllion bond proposal when rating agencies rained on the parade.

The university has not said how it intends to pay for the legal settlement.

Recent research suggests regulators on a global basis are overestimating the risks of infrastructure-related debt.

The proposal would establish a standalone rule governing transactions in discretionary accounts, something the board hasn't had in more than 30 years.

Gov. John Bel Edwards has called lawmakers to the capitol on May 22 to deal with the budget deficit.

David Hitchcock, managing director at S&P Global Ratings, talks about codifying financial practices in bond covenants and the changes in approach to ratings in priority-lien tax revenue debt. He also looks at the latest state trends. John Hallacy hosts.

The commonwealth expects to come to market Wednesday with a competitive issuance.

The loss of advance refunding hurts community control and stymies local infrastructure investment.

A vote by California energy commissioners to require solar panels on new homes is credit negative for utilities, Moody's said.

Evans was so broke after years of fiscal mismanagement it couldn't get a loan because its credit rating had been withdrawn.

New Jersey, Pennsylvania, and other states are hoping to capitalize on gaming legalized by the Supreme Court's decision on Monday.