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Electrical transmission lines near the Eaton Fire in Altadena. The Eaton Fire has become the fifth-deadliest in state history, killing at least 17 people, burning 14,021 acres and destroying 9,418 structures.Bloomberg News Southern California Edison reported to state regulators Thursday that its equipment may have played a role in sparking the Hurst Fire that burned

Sen. John Cornyn, R-Texas, in 2017 led the charge to save tax-exempt private activity bonds that had been axed in an early House draft of the Tax Cuts and Jobs Act. Al Drago/Bloomberg House and Senate tax staff and members seemed receptive to the Bond Dealers of America’s plea to preserve the municipal bond tax

<img src=”https://public.flourish.studio/visualisation/21507641/thumbnail” width=”100%” alt=”chart visualization” /> The muni mark took a breather Thursday, as yields were little changed, while inflows into muni mutual funds exceeded $1 billion. U.S. Treasuries were slightly weaker and equities were mixed toward the close. President Trump’s tariff threats against America’s primary trading partners could be bullish for bonds, somewhat mitigated

Gina Fiorini, Jenny Boulton, Sofia Lykke and Julie Eddington are the new public finance attorneys in Kutak Rock’s Minneapolis office.Kutak Rock Kutak Rock LLP has doubled its public finance footprint in Minnesota with the addition of four new public finance attorneys to its team. Jenny Boulton, Julie Eddington, Gina Fiorini and Sofia Lykke have joined

<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

Resiliency financing districts are part of Connecticut Gov. Ned Lamont’s nine-point legislative proposal to boost the state’s capacity to endure severe weather.Bloomberg News Connecticut’s governor proposed a new public finance tool as part of a broad plan to improve the state’s resiliency against extreme weather and climate change. The nine-policy-point program Gov. Ned Lamont released

<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

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

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