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Skeptics ask whether New York's governor is overplaying the Washington hand and how the state can improve its own lot.

As travel declines during the coronavirus pandemic, munis backed by tourists' cash may come under increasing financial pressure.

The California Endowment, the largest health foundation in the state, plans to offer its first debt sale in nearly two decades to help alleviate some of the financial pressure charities around have been facing due to COVID-19.

Following a thorough analysis of available EMMA filings, it is clear that PFA-financed projects account for less than 3% of the 700 plus total unique payment defaults posted to EMMA during the last three years.

The income gap between the state's wealthier and poorer residents grew wider during the pandemic.

Tax-exempt performance is dependent on what supply looks like versus taxables. The 30-day visible supply shows more than 30% taxables on tap, though some analysts say the taxable increase makes exempts more attractive.

The incoming Biden administration last week proposed direct federal aid of $350 billion to state and local governments as part of a proposed $1.9 trillion coronavirus relief bill.

State tax revenues remain down compared to pre-coronavirus figures but estimates in a new forecast are higher than its previous official forecast in August.

The Economic Activity Index was down 0.4% from October.

Steven Kantor, a regional managing director based in New York, was among those cut, sources said.