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U.S. District Judge Laura Taylor Swain ordered further mediation in the PREPA bankrputcy despite mediators’ insistence it was pointless. U.S. District Judge Laura Taylor Swain ordered Puerto Rico Electric Power Authority parties to return to mediation despite the mediators’ determination further talks would be fruitless. The mediators shared their views in a Monday court filing,

<img src=”https://public.flourish.studio/visualisation/20767979/thumbnail” width=”100%” alt=”chart visualization” /> Munis have seen losses over the past week, culminating with Thursday seeing the biggest cuts to triple-A yield curves, as issuance slowed and muni mutual funds reported outflows for the first time since the summer. U.S. Treasury yields rose and equities ended down. Muni yields were cut two to

Orlando Health senior vice president of finance John Miller said offering the bonds in one state rather than two states will save his company bond counsel and other fees. The Orange County, Florida, Health Facilities Authority will offer $1.4 billion of hospital revenue bonds for Orlando Health the week of January 13. OCHFA will sell

Trucks arriving from Mexico wait for inspection at the Otay Mesa point of entry in San Diego.Bloomberg News New tariff threats by President-elect Donald Trump would likely impact state and local government finance, economists and analysts say, though exactly how remains unknown. In campaign statements, and a post-election social media post, Trump said he would

<img src=”https://public.flourish.studio/visualisation/20781708/thumbnail” width=”100%” alt=”chart visualization” /> The municipal market grew in the third quarter of 2024 amid the surge in supply while mutual funds, exchange-traded funds and foreign buyers increased their ownership of the asset class in the third quarter, Fed data shows. However, “muni holdings of all institutional investors, lead by banks, is still

“The Committee will hit the ground running in 2025,” said current and future Chairman Sam Graves, R- Mo. ”Our work will include working with President Trump to advance his infrastructure priorities, developing the next long-term surface transportation reauthorization, and reprioritizing policies that are consistent with the core purpose of infrastructure .U.S. House of Representatives The future of

With costs escalating for a 15-year expansion program, the Oklahoma Turnpike Authority board approved a toll hike ahead of a $1 billion bond sale slated for early 2025. Oklahoma Turnpike Authority Ahead of a $1 billion bond sale early next year for an expansion program with rising costs, the Oklahoma Turnpike Authority hiked toll rates

<img src=”https://public.flourish.studio/visualisation/20783578/thumbnail” width=”100%” alt=”chart visualization” /> Municipals faced more selling pressure Friday but outperformed U.S. Treasuries ahead of a much lighter supply picture, which should buoy the asset class in the final weeks of the year. This week’s accumulated losses have pushed returns into the red for the month, but municipals are still faring better

Los Angeles Mayor Karen Bass has spent the past two weeks speaking about her administration’s achievements in her two years in office.Bloomberg News Los Angeles city leaders have some work ahead to close a $296.14 million deficit, according to a report City Administrative Officer Matt Szabo delivered to the City Council’s Budget, Finance and Innovation