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Federal Reserve Bank of San Francisco President Mary Daly said she expects the U.S. economy to shrink this year with a recovery only getting under way next year.
May 7
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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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The House is expected to release a stimulus package in the next few days.
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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The Fitch downgrade to A-plus from AA-minus affects nearly $2 billion in debt.
May 7
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Bringing bond denominations down to $1,000 would capture goodwill from New York residents and transit riders, said Mitchell Moss of New York University.
May 7
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Gary Zimmerman, CEO of MaxMyInterest, discusses the recent Federal Open Market Committee meeting, the challenges of responding to the coronavirus pandemic and the issues it caused, and why interest rates may have to stay low for longer than many expect. Gary Siegel hosts.
May 7
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Cheng, a six-year veteran of the rating agency, will be a senior vice president of Citi's Institutional Clients Group.
May 6
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The two state administrations laid out initial estimates of revenue losses due to the pandemic as the federal government debates additional relief.
May 6
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Federal Reserve Bank of St. Louis President James Bullard said policymakers need to mitigate the ongoing risks from the coronavirus in the second half of the year and gradually reopen the U.S. economy to avoid deeper harm.
May 6
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The Federal Reserve has been proactive and the secondary market could be next up for assistance.
May 6
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The city comptroller is monitoring the markets amid a projected $8.7 billion revenue gap and a possible 22% unemployment rate by the end of June.
May 6
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The lowest-rated state government moved a $1.2 billion GO certificate deal to the day-to-day calendar in the face of a skeptical buyside.
May 5
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Federal Reserve Vice Chairman Richard Clarida mixed a sobering acknowledgment of the damage inflicted on the U.S. economy by the coronavirus pandemic with an optimistic outlook for the second half of the year.
May 5
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Weak investment returns, assumption changes, and low contributions pushed up the cumulative unfunded liabilities of 11 local government pension funds.
May 5
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Chicago Fed president said there is no reason to raise rates "anytime soon."
May 5
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Mark Kim, MSRB chief operating officer, predicted even more disclosures in the near future.
May 5
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The IRS also announced temporary guidance providing relief for the calendar year 2020 regarding the reacquisition of qualified tender bonds and commercial paper.
May 5
