Munis were quiet Monday along with U.S. Treasuries as participants await the larger new-issue week that begins pricing Tuesday led by competitive deals from gilt-edged Georgia and the state of Wisconsin. Flat with little activity is how municipals started the week as ratios continued to be close to or at historic levels due to the
Bonds
A proposed mandate to shutter the $5 billion Prairie State coal energy campus and a Springfield, Illinois’ plant by 2035 would hit local ratepayers with the double burden of funding new energy sources while still paying down project bonds, a bipartisan group of local lawmakers warn. Gov. J.B. Pritzker backs a state mandate to shut
President Biden said Monday his Justice Department will defend current law that denies Supplemental Security Income benefits to Puerto Rico residents but he called on congress to amend the Social Security Act to extend those benefits. The U.S. Court of Appeals for the First Circuit ruled in April 2020 that the prevailing federal practice of