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Moody's warns the current economic turmoil poses more pension-related credit risks for Illinois and many of its local governments than did the Great Recession.

The agency has lost substantial revenue from plummeting ridership and faces rising COVID-19-related expenses.

The mass transit system still holds a strong presence despite three bond rating downgrades amid the coronavirus, Chief Financial Officer Robert Foran said.

More pervasive virus testing and further fiscal stimulus is likely needed to revive consumer confidence and foster growth in the U.S. economy, according to Robert Kaplan, president of the Federal Reserve Bank of Dallas.

The policy case for federal support is strong: in the coronavirus era, the U.S. is looking at an emergency that is the equivalent of 50 states worth of hurricanes, fires and floods, lasting more than two years, with a very slow economic rebound.

Hawaii struggles to close shortfall while crafting reopening plan.

Indian River County petitioned the court to overturn its unsuccessful appeal against the U.S. Department of Transportation and the passenger train operator.

As Gov. Charlie Baker reopens the state, a taxpayer group paints a dire revenue picture.

Eric Fischer returns to the firm and will focus on municipal finance and tender option bonds.

The front of the municipal yield curve is 'astounding' and traders said dealers are uncharacteristically accepting the levels, likely due to the historically attractive ratios.