State of New York

New York State’s revenue deficit deepened during the first three months of fiscal 2021, underlining how crucial federal funding is to help, according to Gov. Andrew Cuomo.

The move will enhance economic recovery from the coronavirus, the rating agency said.

Failure to aid one could hurt the others, according to the state comptroller's review of the city's financial plan.

Municipal yields fell as much as three basis points on the long end of the AAA curves.

As the Metropolitan Transportation Authority lines up two note sales, the rating agency said the authority could tap into the Federal Reserve’s Municipal Liquidity Facility.

Metropolitan Transportation Authority Chairman Patrick Foye called mass transit "the circulatory system of the nation."

With prospects of federal aid waning, an $8 billion revenue gap will leave the the state government and Gov. Andrew Cuomo few attractive options.

The pandemic has magnified the woes of New York City’s public hospital system — long a problem unit — the comptroller said.

Municipals stronger ahead of this week's summer supply slate as Congress debates a potential fiscal stimulus package.

For the 10th week in a row, investors put cash into tax-exempt mutual funds with Refinitiv Lipper reporting a $857 million inflow.

New York issuers jump in for retail and Texas Transportation also makes an appearance as attractive low yields lure more issuers in. However, some participants say caution is warranted as the coronavirus spread widens in the South and West.

Long-term munis strengthened as investors bank on recoveries and navigate an uncertain credit landscape.

Gil C. Quiniones, president and CEO of the N.Y. Power Authority, discusses how the Empire State’s energy needs are being met during the health crisis. Andrew Coen hosts.

Municipals finished little changed ahead of this week's almost $14 billion of new issues.

Organizers say the goal is for for technologies to make public transit safer, cleaner and more adaptive.

While few observers are content with the new balanced budget, many say they can live with it as they look to an uncertain economic future.

The municipal market saw a $40 billion-plus month for the second time this year, as issuers flooded the market with bond sales during the month of June.

As some states see new coronavirus lockdowns, municipals maintain stalwart position.

While reducing the FY21 spending plan to $87 billion, New York's mayor said he needs $1 billion in labor concessions or the city could lay off up to 22,000 workers.

The mass transit agency is staring at a prolonged fiscal calamity with further federal support at a standstill and its $51.5 billion capital program in jeopardy.