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Minnesota’s projection of a $2.4 billion gap in the current budget cycle remains on target, but another $4.7 billion gap looms in the next two-year budget as the toll mounts for the COVID-19-induced economic shutdown and recession. The state plans to sell $1.2 billion of GOs next week.

Florida and Georgia have spent tens of millions of dollars in litigation over water rights in the case before the U.S. Supreme Court.

Bondholders, financial cooperatives and a Puerto Rico legislator offered different lines of attack on an 18-month-old bond deal.

The ISM manufacturing index hit a 16-month high, but construction spending unexpectedly fell in June.

The bill would allow the U.S. Department of Transportation’s Maritime Administration to provide emergency relief grants to ports for the first time in response to the pandemic.

Dealing with a pandemic in an economy hard hit by falling oil prices, Ector County Hospital District sees an opportunity to lower debt finance costs.

A continuation of some form of extra unemployment benefits would bolster economic growth, Federal Reserve Bank of Dallas President Robert Kaplan said.

The surging U.S. savings rate means the country can afford to support Americans laid off due to the coronavirus pandemic, while a “hard” lockdown could deliver a faster economic recovery, a senior Federal Reserve official said on Sunday.

With convention and hotel taxes plummeting, Lexington is financing up to three years of debt service to avoid default and backing the deal with a GO pledge.

The rating agency affirmed the U.S. at AAA but said the outlook cut reflects ongoing deterioration in U.S. public finances.