Municipals were little changed Thursday with the last of the largest deals pricing while municipal bond mutual funds reported a return to outflows. U.S. Treasury yields fell and equities were up near the close. The two-year muni-to-Treasury ratio Thursday was at 66%, the three-year at 66%, the five-year at 67%, the 10-year at 66% and
Observers and participants in the yearslong effort to turn around Puerto Rico’s economy offered mixed opinions about the significance of the impending departure of Puerto Rico Oversight Board Chairman David Skeel . Skeel will leave the board after a successor is approved. He has been on the board since it was founded in August 2016.
The House Committee on Transportation and Infrastructure is looking for answers from the Department of Transportation about the speed of infrastructure spending. “I remain concerned about the slow pace at which the Department is distributing Infrastructure Investment and Jobs Act funds,” said Committee Chair Rep. Sam Graves, R-Mo. “Despite having received more than $364 billion since IIJA’s
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The House Committee on Transportation and Infrastructure has advanced the Water Resources Development Act of 2024, a biennial bipartisan bill that funds the U.S. Army Corps of Engineers, invests in ports harbors and inland waterways and advances some of President Biden’s key environmental and resiliency goals. “As the Committee advances the Water Resources Development Act
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Eric Fischer, managing director in Wilmington Trust’s Global Capital Markets division will retire effective June 30. Fischer was instrumental in the growth of Wilmington Trust’s escrow and public finance businesses in the Northeast and the tender option bond and structured municipal businesses nationally, the institution said. Eric Fischer, managing director in Wilmington Trust’s Global Capital
Vm | E+ | Getty Images Buying a home and maintainingit is expensive, but selling it is costly, too, according to a new report. It typically costs $54,616 to sell a house in 2024, according to a June 17 report from Clever Real Estate. Almost half of surveyed home sellers, or 42%, said their costs
A townhouse for sale in the Upper East Side neighborhood of NYC. Adam Jeffery | CNBC Some of the heat is coming out of home prices, even though they’re still higher than they were a year ago. Several new reports show the price gains are shrinking and home sellers are starting to give in after
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New York’s abrupt move this month to hit the brakes on congestion pricing may hinder similar efforts in U.S. cities that are already struggling with the polarizing politics that derailed New York’s program. But advocates say with the right political champion, the concept of charging a toll to enter busy districts remains an attainable and
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The Charlotte, North Carolina, City Council approved a $650 million tourism tax bond to support the renovation of the stadium that houses the NFL’s Carolina Panthers. The council voted 7-3 with one absence Monday to approve the bond for upgrades to Bank of America stadium, which is owned by Tepper Sports and Entertainment, which also
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is the Robert M Solow Professor of Economics emeritus at MIT The story of Emmanuel Macron’s presidency, culminating in his decision on June 9 to dissolve the French national assembly and call fresh
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