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The Federal Reserve expanded the scope and duration of the Municipal Liquidity Facility, a $500 billion emergency lending program aimed at providing short-term credit to state and local governments as they endure the economic fallout from the coronavirus pandemic.

Moody's Investors Service said public utilities may see declining coverage ratios as they suspend disconnects and offer discounts.

Fitch Ratings lowered its outlook on Hawaii's AA-plus rating to negative from stable, following a similar action by Moody's earlier this month.

Several of the Lone Star State's manufacturing indexes dropped to record lows in April, a Dallas Fed survey showed.

The Fed’s new program, however, will not be enough to negate the serious financial consequences that are likely to befall some local governments as they begin to feel the full effects of shutting down the economy. Both the Fed and Congress need to do more.

MSRB Chief Market Structure Officer John Bagley will join the Federal Reserve Bank of New York for eight months to lend his municipal market knowledge toward the Fed’s new Municipal Liquidity Facility.

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

Where and how residents buy their alcohol in the commonwealth's control state system has resurfaced as a budgetary, policy and public-health dynamic.

Economists also expect the Fed's balance sheet to more than $10 trillion as policymakers look to lift the country from a recession brought on by the coronavirus pandemic.

At a virtual quarterly board meeting this week, the board discussed its search for the next CEO, which has been affected by the virus.

The state's tough budget position was underscored by an agreement with noteholders to extend a $750 million maturity while paying them higher interest.

Size, timing and structure hinge on market variables, senior manager Jefferies said.

A federal judge denied the SEC's motion for summary judgement against John Paulsen, setting the stage for a trial.

A new mayoral task force will work on Chicago's economic recovery effort as the city's finance team continues to assess the damage.

In a voluntary market notice, Florida outlines its actions to address the public health crisis caused by COVID-19.

The historic nature of how ratings for municipal issuers play out in times of severe volatility is under scrutiny from various market participants.

While the number of people filing for unemployment dropped to 4.4 million, there are now 26 million Americans without work and economists expect the unemployment rate to hit 20%.

Mayor Eric Garcetti declared a state of fiscal emergency when he delivered his budget proposal for fiscal 2021.

Debt restructuring options as the transit agency navigates through the coronavirus crisis include refundings for savings or to push out debt, according to Robert Foran.

The state applied the green designation to the $80 million deal, but didn't obtain third party verification.