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House Natural Resources Committee Chairman Raul Grijalva last month introduced a bill to amend the 2016 Puerto Rico Oversight, Management, and Economic Stability Act.

Shifting to smaller annual increases — after a 36% turnpike hike in September, the first in eight years — is credit positive, according to one rating analyst.

The Federal Reserve put a spotlight on job losses and risks to the financial sector in its semi-annual report to Congress released Friday.

Many observers expect the Fed to move to yield curve control in September. But not everyone is sure this move will be needed.

Proceeds from the sale would go to providing direct grants to non-profit organizations.

Yields on the long end of the curve dropped as much as seven basis points while very short yields rose.

With data from the two worst months of the year so far, state and local analysts are beginning to size up expected revenue losses.

The Volunteer State reported a nearly 16% decline in revenues in April, much of which was due to stay-at-home orders and delayed tax filings.

The National League of Cities estimates only $8.8 billion of the $150 billion Coronavirus Relief Fund had gone to municipalities and counties under 500,000 population as of June 10.

Municipalities have been counting on another round of stimulus from the federal government.