City of New York, NY

The board, a vestige from the 1970s fiscal crisis, is a lingering motive for the city to approve a balanced budget.

Investors, while confident long-term about the transit authority, worry about immediate risks, Chairman Patrick Foye said in a letter.

Magalie Austin takes over from Jonnell Doris, who was named commissioner for Small Business Services.

Mayor warns about a worsening budget picture amid possible roadblocks to further federal aid and more dire projections from watchdog IBO.

Maria Doulis of the Citizens Budget Commission discusses the city's challenges amid the coronavirus pandemic. Paul Burton hosts.

City officials and muni leaders remembered him as a passionate force behind bond issuance and a champion of career initiatives for youths.

Bringing bond denominations down to $1,000 would capture goodwill from New York residents and transit riders, said Mitchell Moss of New York University.

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.

Better technology can help enhance efficiency, analysts and civic leaders say.

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.

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

"This is undoubtedly the toughest time in MTA history," said Patrick Foye, who has asked Congress to double its $3.8 billion relief package.

The rating agency delivered the latest coronavirus-related hit to the city's ratings by cutting its outlook. The city's GO bonds were affirmed at AA.

The New York City Council is set to unveil a COVID-19 relief package of bills that include help for small businesses and tenants.

Despite severe budget stress, the city and state can take some meaningful actions, such as reviving the restaurant industry, expanding the role of P3s and rebuilding multi-purpose infrastructure, analysts say.

In the wake of the COVID-19 pandemic, the city's budget shrinks by $6 billion.

Its series of responses provides a greater understanding of the city’s history, says NYU Wagner's Mitchell Moss.

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

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

Rachael Fauss of Reinvent Albany explores cash-flow remedies for the mass transit system amid the COVID-19 pandemic, including the Federal Reserve possibly buying MTA bonds. Other topics include data transparency. Paul Burton hosts.