New default for a twice-bankrupt Illinois senior living facility
Holders of restructured bonds of the Clare Oaks senior living community in Illinois are giving the facility some breathing room and funds to support...
Flush with tax revenues, federal funds, South Carolina passes $14B budget
Lawmakers in South Carolina have passed a fiscal 2024 budget that mirrors closely the plan pitched by Gov. Henry McMaster earlier this year. The...
Munis little changed, outperforming USTs again
Municipals were steady to end the week, continuing their outperformance of U.S. Treasuries. Equities were down near the close. Triple-A scales were little changed,...
Illinois variable-rate debt conspiracy case moves toward summer trial
A pair of recent state court decisions have ruled that EMMA is not the news media for the purposes of the public disclosure bar...
Oklahoma Turnpike says it can change route for bond-financed extension
The Oklahoma Turnpike Authority contends it can alter routes of statutorily authorized toll road projects as the state Supreme Court weighs the validity of...
Atlanta Fed president owns up to more errors in financial disclosure
Federal Reserve Bank of Atlanta President Raphael Bostic disclosed having made prohibited personal trades last year. Bostic said his account managers executed nine sales...
Moody’s puts Guam Power Authority rating on review for downgrade
Moody’s Investors Service put the Guam Power Authority revenue bonds’ Baa2 rating on review for a possible downgrade following damage from Typhoon Mawar that...
Milwaukee council vote still ahead on sales tax that staves off fiscal crisis
Wisconsin lawmakers signed off on legislation that raises local government aid and empowers Milwaukee and Milwaukee County to enact a sales tax hike after...
Munis improve slightly but investors still hesitant; Outflows return
Municipals were firmer in spots Thursday while U.S. Treasuries made larger gains and equities rallied a day after markets digested the Fed’s decision to...
Munis little changed ahead of CPI, FOMC meeting
Municipals were steady ahead of this week’s consumer price index print and Federal Open Market Committee meeting. U.S. Treasuries were slightly firmer on the...