Munis

The majority of the U.S.’s 75 most populous cities lack enough funds to pay their bills, but the remaining 12 have budget surpluses, according to a new report.

At Eaton Vance’s daily 8:45 a.m. meetings with fixed-income executives, a usually overlooked segment of the bond world has been coming up more often.

The federal government is taking in less money but can’t tell if the shortfall is tied to the 2017 tax cuts or other factors like trade uncertainty, the Congressional Budget Office said in a letter.

The Internal Revenue Service released a revenue procedure Wednesday offering guidance on the use of tax-exempt bonds to provide housing for military veterans, farm workers and other groups.

The rally in the $3.8 trillion municipal-bond market is about to face a major tax-season test.

Higher rates tend to be a good thing for the state and local government bond market, a haven for investors looking for income that’s exempt from federal taxes.

The Top 100 Firm is adding a pair of municipal advisory businesses in a three-way merger.

Tax advantages for bonds funding private hospitals and sports stadiums survived last year’s tax overhaul thanks to an eleventh hour compromise. The securities may be headed for a decline anyway.

The IRS estimates alternative minimum tax filings will decrease to 1 million from 10 million as a result of the law.

The deal to steer some ofthe territory's future sales taxes to a key group of bondholders puts a U.S. oversight board in charge.