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The Federal Reserve said it will continue to support the economy through massive monetary stimulus until it sees “substantial further progress” in employment and inflation.

It substitutes the $160 billion in direct aid to state and local governments that had been proposed with direct checks to individuals.

The former South Bend, Indiana mayor understands the needs of state and local governments, though he lacks experience running a large organization.

The legal wrangling over whether the state can control expressways in Miami-Dade County is expected to rage on well into 2021.

The rising number of COVID-19 cases and the restrictions imposed to stop its spread, led to a pullback in consumer spending and has a regional service sector reeling.

It has become apparent that even more creativity will be necessary to pass legislation in the upcoming Congress. The only problem is we do not have the luxury of time.

Illinois expects to close by the end of the week on a three-year loan through the Federal Reserve at 3.42%, a steep penalty compared to the state's current trading levels.

The state of Illinois sold $2 billion of three-year notes to the Federal Reserve's Municipal Liquidity Facility at 3.42%.

The Port Authority of New York and New Jersey is proposing a scaled down 2021 budget that includes additional borrowing for its capital program.

The authority that financed baseball and football stadiums in Chicago is sounding fiscal alarms as the coronavirus pandemic crushes hotel tax revenue.