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Federal Reserve Bank of Minneapolis President Neel Kashkari says the coronavirus will inflict “devastating” levels of U.S. unemployment and economic recovery will be long and gradual.
May 7
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The U.S. Supreme Court is expected to hear oral arguments this fall in California v. Texas.
May 7
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A bipartisan group of New York lawmakers announced Wednesday plans to introduce a bill that would split federal aid between counties and municipalities.
May 7
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The House is expected to release a stimulus package in the next few days.
May 7
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The steep drop in revenue does not yet reflect the collapse in oil prices, Oklahoma Treasurer Randy McDaniel said.
May 7
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Initial jobless claims continued to slide, but remain above the 3 million mark, as an expected ugly unemployment report is on deck.
May 7
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The state government, which was looking at multibillion-dollar surpluses before the coronavirus struck, is now facing a $54.3 billion of red ink.
May 7
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The National Federation of Municipal Analysts asked the Municipal Securities Rulemaking Board to create a separate category for COVID-19 related disclosures.
May 7
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While the economic data are still bleak, signs of recovery may already be emerging.
May 7
HYCM -
The Fitch downgrade to A-plus from AA-minus affects nearly $2 billion in debt.
May 7
