Bonds

“We have to rethink the federal-state partnership. I don’t know if it’s been working so well,” said Transportation Secretary Sean Duffy, addressing the American Association of State Highway and Transportation Officials.Kent Nishimura/Bloomberg As the Trump administration attempts to conform federal spending to its priorities and policies, the U.S. Department of Transportation has issued an order

A map of Detroit’s public schools. The district has sued the state Treasury Department for the right to use operating tax proceeds to pay down bonds and other debt. Bloomberg News The funding future of Detroit’s public schools is playing out in a state court. A Michigan Court of Claims judge on Wednesday denied the

Hawaiian Airlines is the largest airline in Hawaii with extensive inter-island service. Hawaiian Airlines When the Hawaii Department of Transportation heads to market Feb. 13 to sell up to $855 million of tax-exempt airport system revenue bonds, it will do so with across-the-board double-A ratings after receiving a ratings boost from Moody’s Ratings. Moody’s upgraded

A new MARTA train is shown off in a special event Jan. 30 at the system’s Lindbergh station.MARTA The Metropolitan Atlanta Rapid Transit Authority is coming to market with a triple-A-rated negotiated sale of green bonds to refund issuances from 2020 and 2021 while also financing a major upgrade to its rolling stock.   “When I

Dia Walrath joined BAM as an associate counsel and vice president in its San Francisco office. BAM Mutual has hired Dia Walrath, a former counsel in the public finance department at Nixon Peabody, as an associate counsel and vice president out of its San Francisco office. As part of her new role, she, like others

Enjoy complimentary access to top ideas and insights — selected by our editors. With President Donald Trump’s short-lived federal funding freeze and the potential end of the tax-exempt status on the horizon, the public finance arena is off to a rough start in 2025.  Late in the evening on Jan. 27, the White House released

<img src=”https://public.flourish.studio/visualisation/21489373/thumbnail” width=”100%” alt=”chart visualization” /> Munis were firmer Wednesday, underperforming a U.S. Treasury rally in most tenors, while equities ended up. Muni yields were bumped one to eight basis points, depending on the scale, while UST yields fell three to 10 basis points, with the greatest gains out long. Tariffs and trade negotiations have

“I’m concerned that we’re getting too close to a time when, without drastic cuts or a new revenue, I won’t be able to certify the next budget, even if I want to,” Houston Controller Chris Hollins told the Cty Council. Michael Dorman Houston officials raised concerns on Wednesday over a $100 million budget hit from

Bloomberg News North Carolina’s biggest city is poised to sell $400 million of municipal bonds after a recent population surge underscored the need for more infrastructure.  Charlotte received approval to sell the debt Tuesday from the Local Government Commission, an arm of the Department of State Treasurer. Proceeds of the upcoming sale will finance transportation

“We simply cannot have a situation in which Congress comes together in bipartisan fashion, agrees on a measure, and a president who has taken an oath to faithfully execute those laws, instead picks and chooses among them,” said Sen. Sheldon Whitehouse, the Democratic ranking member of the Environment and Public Works Committee.  Confusion caused by

Chicago Public Schools officials are assessing the likely impact of new White House policies.Bloomberg News Most federal funding in this year’s Chicago Public Schools budget will be unaffected by a pause on federal grants and loans ordered by the Trump White House, even if that pause is upheld by courts, CPS CEO Pedro Martinez said

<img src=”https://public.flourish.studio/visualisation/21471238/thumbnail” width=”100%” alt=”chart visualization” /> Municipals were slightly firmer as U.S. Treasury yields fell and equities rebounded. Muni yields were bumped up to three basis points, depending on the curve, while UST yields fell four to five basis points. The two-year municipal to UST ratio Tuesday was at 63%, the five-year at 63%, the

“I think that would be incredibly unfair to punish bondholders in that way when they in good faith thought they were buying tax-exempt instruments,” said Rich Moore, tax attorney at Orrick, of the potential for Congress to eliminate the tax exemption on outstanding bonds. The threat that Congress will eliminate the tax exemption on future

Transcription: Transcripts are generated using a combination of speech recognition software and human transcribers, and may contain errors. Please check the corresponding audio for the authoritative record. Mike Scarchilli (00:05):Hi everyone and welcome to the Bond Buyer podcast, your essential resource for insights into the world of public finance and municipal market trends. I’m Mike

Residents outside a home destroyed by the Eaton Fire in Altadena, California.Bloomberg News S&P Global Ratings revised the outlook to negative from stable on Edison International and Southern California Edison based on the potential risk of depletion of the wildfire bond fund created by California lawmakers to bail out utilities facing wildfire liability risk. S&P

US President Donald Trump signs an executive order to create a sovereign wealth fund with Scott Bessent, US Treasury secretary, left, and Howard Lutnick, chief executive officer of Cantor Fitzgerald LP and US commerce secretary nominee, right, in the Oval Office.Chris Kleponis/Bloomberg President Donald Trump Monday signed an executive order that will start the process

A Federal Railroad Administration study calls for Amtrak to double the service it offers on long-distance overnight trains like this one in New Mexico.Adobe Stock Several Southwest states are eying intercity or interstate passenger trains amid the region’s continuing population boom but their fate remains in the hand of a new administration whose support for

Adobe Stock Terie Gelberg has lived at the Harborside, a retirement community on Long Island’s North Shore, for almost two decades. It was supposed to be the last home for the 99-year-old wheelchair user with memory issues, but plans to sell the bankrupt municipal bond financed facility to a private equity firm threaten to upend her

<img src=”https://public.flourish.studio/visualisation/21451487/thumbnail” width=”100%” alt=”chart visualization” /> Municipals were steady Monday, mostly ignoring market movements surrounding President Donald Trump’s imposed tariffs. On Saturday, Trump signed an executive order to impose heavy tariffs on goods — 25% on Canada and Mexico and 10% on China — and all three nations planned retaliation. These tariffs, set to be

The Transportation Corridor Agencies is executing on a multi-year strategic plan to pay down debt early.Transportation Corridor Agencies The San Joaquin Hills Transportation Corridor Agency in Orange County, California, paid off $200 million in bond debt early saving the agency approximately $203 million in future interest payments. The Transportation Corridor Agencies, which operates both the