Philadelphia sees tourism rebound
The Philadelphia region saw a 21% increase in tourists last year as more than 36 million people visited the region,...
Bonds
Former Fed Vice Chair Quarles says U.S. is likely to suffer recession
The U.S. economy will probably fall into a recession as the Federal Reserve combats multidecade-high inflation, Randal Quarles, the Fed’s...
Puerto Rico HTA Plan of Adjustment hearings set for September
The Puerto Rico Oversight Board submitted a proposed Plan of Adjustment for the Puerto Rico Highways and Transportation Authority and...
Fed expected to go dovish by year-end, some asset managers say
The Fed's choreographed rate-raising exercise may well tail off by year's end, several prominent asset managers said Monday.The managers were...
Texas voters to decide a record $18.5 billion of bonds Saturday
Texas ballots are bursting with a record $18.5 billion of bonds Saturday as cities and school districts ask voters to...
Oregon amends offering documents after court win
Oregon filed amended offering documents Thursday for a recent lottery bond deal after the state Court of Appeals reversed a...
April issuance falls, but comes in just above 10-year average
Municipal issuance dropped 7.5% year-over-year in April, again owing to a drop in taxable and refunding volumes in the face...
MSRB to seek comment on reducing trade reporting times
The Municipal Securities Rulemaking Board plans to issue a request for comment on a retrospective review of its Rule G-14...
Reedy Creek’s outlook revised to developing from stable by S&P
S&P Global Ratings revised the outlook on the Reedy Creek Improvement District to developing from stable due to the uncertainty...
Munis mixed, outperform USTs ahead of FOMC meeting
Municipals were mixed Friday, outperforming larger losses in U.S. Treasury ahead of the Federal Open Market Committee meeting next week...
S&P puts New Orleans on negative watch in the absence of financials
S&P Global Ratings placed the New Orleans’ A-plus long-term and underlying ratings on general obligation and limited property tax debt...
Appeals court hears challenges to Puerto Rico Plan of Adjustment
Challenges to the Puerto Rico Plan of Adjustment heard by the Court of Appeals for the First Circuit Thursday will...
Fed nominees to wait until ailing Democrats return, Brown says
Senate Banking Committee Chairman Sherrod Brown said Wednesday that the Senate would wait to confirm President Biden’s Federal Reserve picks...
Oklahoma lawmakers pass firearm, fossil fuel bills in Texas mold
Oklahoma is poised to follow in the footsteps of Texas in preventing banks from participating in municipal bond deals if...
Chicago CFO stresses fiscal case for casino with City Council
Chicago is counting on future casino tax revenue to avoid reverting to bad fiscal practices or raising property taxes as...
Puerto Rico Oversight Board rejects local government budget plans
The Puerto Rico Oversight Board rejected several local government initiatives, including the governor’s proposed fiscal 2023 budget.The board sent a...
U.S. Virgin Islands pension system preparing suit against WAPA
The Government Employees Retirement System of the Virgin Islands is preparing a lawsuit against the financially struggling Water and Power...
Munis see some strength but underperform UST
Municipals were steady to firmer in spots Monday but underperformed U.S. Treasuries that saw yields fall further while equities ended...
Ohio capital brings triple-A deal amid adjustment to remote work trend
Columbus heads into the market this week with a $423 million deal riding tailwinds from a rebounding revenue picture and...
Utah officials blast S&P over ESG credit indicators
Utah’s top elected officials demanded on Thursday that S&P Global Ratings cease applying environmental, social, and governance (ESG) factors to...
Public banks: A viable, safe way to leverage public money
There is value and incentive for states, localities and other governmental entities to create a public bank to localize their...
