The Bond Buyer

1 day ago | bondbuyer.com | Caitlin Devitt

The House of Representative's version of the "big beautiful bill" would increase the U.S. deficit by $2.4 trillion over a decade, the Congressional Budget Office said Wednesday in an estimate that raises the stakes as the bill moves through the Senate. The biggest cost would come from the tax portion, which would cost $3.7 trillion, the CBO said.

1 day ago | bondbuyer.com | Robert Slavin

Guam's Consolidated Commission on Utilities on Tuesday approved the Guam Waterworks Authority plan to sell $270 million of bonds. The authority anticipates the bonds will have an all-in true interest cost of 4.91%, said Miguel Bordallo, general manager of the authority. RBC Capital Markets and Raymond James will underwrite the deal, according to a draft bond purchase agreement attached to the bond resolution documents. Orrick, Herrington & Sutcliffe is bond counsel.

1 day ago | bondbuyer.com | Karen Pierog

The Houston City Council signed off on a $7 billion fiscal 2026 budget Wednesday amid worries on how a bill passed by Texas lawmakers, unbeknownst to some city officials, would impact its public safety pension funds. Ahead of the spending plan's approval in a 14-3 vote, city Controller Chris Hollins raised a red flag over House Bill 2688, saying its existence was "shrouded in secrecy" and that the measure, if signed into law by Gov.

1 day ago | bondbuyer.com | Robert Slavin

A lower revenue forecast and worries about federal cuts to states are pressuring North Carolina's budget process. A new revenue forecast from revenue forecasts from the Office of State Budget and Management he Office of State Budget and Management "makes the budget negotiation even more difficult," state House Democratic Leader Robert Reives II told The Bond Buyer.

2 days ago | bondbuyer.com | Caitlin Devitt

The endless delays and cost overruns plaguing California's "Sisyphean endeavor" to build a high-speed train amount to an event of default on $4 billion of federal grants, the Trump administration declared Wednesday in a 315-page report that blasted the bond-financed project. The California High Speed Rail Authority, which oversees what is one of the nation's most expensive projects, is officially "on notice," Transportation Secretary Sean Duffy said in a statement Wednesday.