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Fitch Ratings downgraded Las Vegas a notch to AA-minus

Philip Howard, chairman of Common Good, discusses the need for such an agency to cut through red tape as the country rebounds from the coronavirus pandemic. Paul Burton hosts.

Moody's revised its outlook on the Chicago Transit Authority and Regional Transportation Authority to negative as COVID-19 threatens their revenue streams.

The Fed on Monday essentially said it was standing 10 feet back from the market, allowing it to manage the pandemic-driven crisis itself. Lower-rated issuers may benefit most from the facility.

The Westin Lombard hotel and conference center in Chicago's suburbs dipped into debt reserves to cover operations after closing in response to the pandemic.

With its amusement parks and stadiums shut down the city, which is prepping a bond refunding, is bracing for an $18 million hit to tax revenues.

Federal Reserve Vice Chairman for Supervision Randal Quarles said financial strains triggered by the coronavirus have eased but “the storm” is not over and further steps may be needed to shelter the U.S. from the pandemic.

State lawmakers will return to Columbia for a two-day session that will also determine what to do with embattled state-owned utility Santee Cooper.

The Fed’s rates send a signal to the municipal market that it wants it to survive on its own.

Atlanta Fed president said the Fed is keeping "all tools on the table" and could discuss negative rates.