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Coronavirus-driven job losses are way beyond predicted, and expected to get worse, but most still see a V-shaped recovery.

The Garden State is extending its 2020 fiscal year calendar by three months in an effort to fully gauge economic fallout from the ongoing COVID-19 pandemic.

The Ocean State activated a dormant disaster board for emergency borrowing, a tool not available for other states in the region.

The bond-financed $420 million expansion project moved forward over the objections of board members who questioned the timing amid plummeting tax revenues.

The rating agency echoed others in citing the New York transportation system's hard fall since the coronavirus outbreak.

Urban areas will get $22.7 billion in formula funds and $2.2 billion will go to rural areas.

Federal Reserve Bank of Cleveland President Loretta Mester said U.S. unemployment could rise as high as 15% as the U.S. forcibly shuts down important parts of its economy to help contain the coronavirus pandemic.

Stepan Haytayan was named senior counsel and Mauricio Salazar has joined as an associate.

Milwaukee's experience in market Thursday speaks to the struggles of primary market borrowers navigating COVID-19-driven turmoil.

Forced selling continues and credit spreads are widening as much as 200 basis points in spots making for a large bid-ask disconnect in the market.