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The authority, which Moody’s dropped to A2 from A1, seeks a further $4 billion from Washington and has paused its capital program.

Jobless claims fell in the latest week though now 22 million Americans filed for unemployment since late March.

New York's mayor announced sharp cuts, a draw on reserves and a call for further assistance from Washington.

The ruling on the funding of municipal pensions and healthcare will pose a challenge to municipal government finances.

BDA and GFOA want the Fed to make its Municipal Liquidity Facility more accessible.

GASB said the delay comes in response to a number of requests because of the coronavirus pandemic, with some finance officers asking for up to an extra two years.

The city faces the loss of $348 million of revenue because of the economic shutdown, threatening the balanced budgets it needs to avoid state intervention.

The coronavirus has shaken the foundation of the municipal market and participants are looking cautiously to the Fed while attempting to adjust to the sustained volatility.

Michael Rowan, CFA, managing director of global public, project and infrastructure finance at Moody’s Investors Service, talks about how COVID-19 is affecting the rating process. John Hallacy hosts.

Gov. J.B. Pritzker laid out revised revenue estimates for the fiscal 2020 and proposed 2021 budgets.