New York

The Municipal Liquidity Facility is not enough to counter the fiscal effects of COVID-19, says the man who helped rescue the city from its 1970s fiscal crisis.

The mass transit authority cannot tap the Municipal Liquidity Facility directly, chief financial officer Robert Foran said.

The COVID-19 pandemic has dragged the tourist city to the verge of junk status.

The utility envisions a digital power grid and clean energy transmission, with this sale setting the stage.

For the second time in two weeks, a rating agency lowered the Port Authority of New York and New Jersey's outlook.

State Comptroller Thomas DiNapoli warns of multi-year budget hits from virus with more federal aid needed to fill the gaps.

One of the nation’s largest transportation borrowers issued its first bond disclosure about the fiscal impacts from the COVID-19 pandemic.

Volume is down sharply across the Port Authority of New York and New Jersey's transportation assets since the March COVID-19 outbreak.

Fitch follows Moody's in revising the Empire State's debt to negative from stable.

New York’s new state budget provides flexibility to deal with near-term revenue hits from COVID-19, but it has little bandwidth to withstand a deep recession.

Brodsky, who died of suspected complications from COVID-19, is remembered as a tenacious public official and a skilled debater.

More federal rescue moves are necessary for the nation’s largest mass transit system, according to the advocacy group Reinvent Albany.

Lawmakers approved a 2021 fiscal plan with mechanisms for spending reductions throughout the year because of economic headwinds caused by the COVID-19 pandemic.

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

Negative outlooks trigger questions about other reeling areas in the capital markets crosshairs.

Tom Prendergast and Denise Berger were hired by the engineering firm to spearhead major infrastructure needs facing the New York City region.

Banks failed to convince the court that the lawsuit doesn't meet the legal hurdles for a false claims action.

Actions by the Fed and the passage of the CARES Act have served to calm the markets to a large degree during the recent choppiness. These actions will ease the way for some deals to come to market this week.

The bi-state transportation agency's executive director, Rick Cotton, recovered from virus than three weeks after testing positive.

He is maintaining his full schedule and working at home, authority officials said.