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The lawmakers argued in a letter to the Federal Reserve that suspending dividend payouts would be the "prudent course of action," allowing banks to build their capital cushions and continue lending during the coronavirus pandemic.

Municipal bond funds and ETFs saw combined inflows of $2.942 billion in the week ended June 17, ICI said.

The state's flagship university returns to the market after S&P Global Ratings improved its rating outlook and Moody's Investors Service lowered it.

The mass transit agency is staring at a prolonged fiscal calamity with further federal support at a standstill and its $51.5 billion capital program in jeopardy.

Recurring coronavirus outbreaks will probably hold back U.S. economic growth and leave unemployment at elevated levels in the coming years, Federal Reserve Bank of Chicago President Charles Evans said.

The California Institute for Regenerative Medicine, which has been on life support for years, is expected to close if the measure fails.

State auditors will continue to be represented on the Governmental Accounting Standards Board after Chairman David Vaudt ends his term June 30 although not as the chairman.

Student housing projects financed through public-private partnerships face a far more lethal blow if the coronavirus pandemic prevents college campuses from opening this fall.

With states opening back up, economists look at the recovery and how another wave of coronavirus would affect the economy.

As officials in the tourism-dependent county prepare for a resurgence of tourism as attractions reopen, they are also dealing with a surge of COVID-19 cases.