CHICAGO (Reuters) – Investors in the U.S. municipal bond market are growing increasingly worried over the ability of states, cities and other debt issuers to weather the financial fallout of the COVID-19 pandemic caused by the novel coronavirus. Those concerns... More »
(Reuters) – A massive federal spending bill aimed at deflecting the economic harm caused by the spreading coronavirus does not address the billions of tax dollars U.S. states stand to lose as major parts of the nation have shut down. While the $2.2 trillion bi... More »
July 19 (Reuters) – U.S. municipal bond funds reported $1.3 billion of net inflows in the week ended July 18, compared with $651 million in inflows in the previous week, according to data released by Lipper on Thursday. The four-week moving average remained po... More »
(Reuters) – U.S. municipal bond funds reported $36.8 million of net inflows in the week ended March 28, compared with $445.4 million in inflows in the previous week, according to data released by Lipper on Thursday. The four-week moving average remained positi... More »
CHICAGO (Reuters) – Illinois, which sold $6 billion of bonds last month to raise money to pay overdue bills, will be back in the U.S. municipal market next week with another $750 million of debt. The deal tops the $12.2 billion of bonds and notes states, citie... More »
(Reuters) – U.S. municipal bond funds reported $417.7 million of net inflows in the week ended Nov. 15, compared with $463 million in inflows in the previous week, according to data released by Lipper on Thursday. The four-week moving average remained positive... More »
The U.S. Senate Republican tax bill helped soothe nerves in the municipal bond market on Friday, just over a week after the House of Representatives proposed changes that would decrease its future supply of tax-free debt. More »
The sale of debt by states, cities, schools and other issuers in the U.S. municipal bond market totaled $271.8 billion in the first nine months of 2017, a 16 percent drop from the same period in 2016, according to Thomson Reuters data on Monday. More »
A U.S. judge on Friday ruled that Illinois was not providing sufficient resources for the care of developmentally disabled residents and ordered the state to come up with a plan to restore services. More »
Illinois fought on Friday against a potential court order it contends could cost the state, which just ended an unprecedented budget impasse, as much as an additional $1 billion annually to care for developmentally disabled people. More »
U.S. municipal bond funds reported $323 million of net inflows in the week ended July 26, compared with $298.6 million in inflows in the previous week, accor More »
FILE PHOTO: An aerial view shows the skyline and lakefront of Chicago, Illinois, August 14, 2014. REUTERS/Jim Young Illinois’ first budget after two years is filled with partial outlines to address its debt-ridden pension system and unpaid bill backlog — signs... More »
FILE PHOTO: Bruce Rauner speaks to the media in Washington December 5, 2014. REUTERS/Larry Downing/File Photo Illinois ended its historic budget drought on Thursday after the House of Representatives enacted the state’s first complete spending plan since 2015 ... More »
FILE PHOTO: A general view of the joint session of the General Assembly in the House Chambers of the Illinois State Capitol in Springfield, Illinois February 1, 2012. REUTERS/Sarah Conard/File Photo Illinois’ first full-year budget since 2015 became law on Thu... More »
FILE PHOTO: Illinois Gov-elect Bruce Rauner speaks to the media after a meeting with U.S. President Barack Obama and other Governor-elects from seven U.S. states at the White House in Washington December 5, 2014. REUTERS/Larry Downing/File Photo Even if Illino... More »
FILE PHOTO: Illinois Gov-elect Bruce Rauner speaks to the media after a meeting with U.S. President Barack Obama and other Governor-elects from seven U.S. states at the White House in Washington December 5, 2014. REUTERS/Larry Downing/File Photo The fate of a ... More »
Illinois Governor Bruce Rauner announced on Tuesday his veto of a $5 billion income tax rate hike that was the lynchpin of a newly passed bipartisan budget package designed to end the state’s record-setting fiscal impasse, he announced via social media. More »
Illinois’ Democratic-controlled House of Representatives passed big, permanent income-tax rate increases on Sunday with the help of some Republican votes as the cash-strapped state scrambled to piece together a budget and revenue plan to stave off a bond ratin... More »
Illinois must increase payments to Medicaid providers despite an ongoing budget impasse, after a U.S. District Court judge on Wednesday ruled the minimal payments made by the state do not comply with federal consent decrees. More »
The Los Angeles Unified School District, California’s largest school district, plans to sell nearly $1.1 billion of general obligation refunding bonds in the biggest U.S. municipal bond offering next week. More »
U.S. municipal bond funds reported $173.5 million of net inflows in the week ended March 22, compared with $118.1 million in outflows in the previous week, according to data released by Lipper on Thursday. More »
Legislation to raise taxes in Republican-controlled Kansas to help balance the budget was defeated on Wednesday after the state Senate failed to override the governor’s veto. More »
U.S. municipal bond funds reported $871 million of net inflows in the week ended Aug. 10, compared with $783.9 million in inflows in the previous week, according to data released by Lipper on Thursday. The four-week moving average remained positive at $862.9 m... More »
WASHINGTON Puerto Rico, the U.S. commonwealth that recently declared a historic default, could be shut out of debt markets for two more years as it battles with fiscal challenges, the island’s governor said on Tuesday. Governor Alejandro Garcia Padilla said em... More »
VANDENBERG AIR FORCE BASE, Calif. A SpaceX Falcon 9 rocket blasted off from California on Sunday to put a climate-monitoring satellite into orbit, NASA said. Technology entrepreneur Elon Musk’s SpaceX then planned to attempt to land the rocket on a barge in th... More »
NEW ORLEANS A last-minute action by the Louisiana Supreme Court saved New Orleans Mayor Mitch Landrieu from being placed under weekend house arrest over a decades-old dispute with local firefighters who are owed $75 million in back wages. The standoff arose fr... More »
NEW YORK Puerto Rico’s governor on Monday called for the commonwealth to be allowed to restructure its debts under U.S. bankruptcy code, while a newly appointed adviser to the U.S. territory said it is “insolvent” and will soon run out of cash. Governor Alejan... More »
