Person Root Tag

Johnson, in his announcement to run, emphasized New York’s recovery from the COVID-19 pandemic through effective use of federal stimulus dollars.

She has repeatedly rejected concerns that Biden’s stimulus is excessive given the economy’s signs of recovery, and that run-away inflation could damage the economy.

Two top state lawmakers, who along with Cuomo comprise the “three people in the room” that hash out the spending plan, pulled their support of the New York governor.

Refinitiv Lipper reported $600 million of outflows from municipal bond mutual funds as the market correction caught up. High-yield funds lost a massive $722 million after $330 million a week prior.

Lt. Gov. Dan McKee succeeds her on a day state voters approved seven bond measures totaling $400 million.

Federal Reserve Governor Lael Brainard said it will take “some time” to meet the conditions laid out by the U.S. central bank for reducing the pace of its massive bond purchases, while noting recent bond market volatility.

NACo and the NLC were among 400 groups that sent a letter Monday to senators stating “enthusiastic endorsement” for the $350 billion “in flexible aid."

By the end of March, more than 1,700 projects will have the go-ahead to resume, according to the mayor.

Global bond yield move suggests financial markets are much more optimistic about the economy than the Fed.

High-grade deals priced and secondary trading showed bonds exchanging hands at yields higher than triple-A benchmarks in some cases, but a healthy two-way flow was evident, even if there are signals that yields have not yet hit a ceiling.

The Federal Reserve is nowhere near to pulling back on its support for the pandemic-damaged U.S. economy, Chairman Jerome Powell signaled at his testimony before Congress on Tuesday.

Treasury Secretary Janet Yellen said President Joe Biden favors boosting taxes on companies, and signaled openness to considering raising rates on capital gains, while steering clear of a wealth levy.

U.S. Treasury Secretary Janet Yellen and Federal Reserve Chair Jerome Powell appear wary of signs of froth in financial markets, even as they press ahead with economic stimulus measures that are elevating the euphoria.

Mainstreaming some emergency measures would provide the Department of Design and Construction more contracting flexibility, said first deputy commissioner Jamie Torres-Springer.

Rising Treasury yields are a sign of optimism in the economic recovery, said a senior Federal Reserve official Friday, signaling no inclination from the central bank to take steps to halt the shift.

Federal Reserve actions will continue to bolster the U.S. economy as it battles the COVID-19 pandemic, the central bank said Friday in its twice-yearly update to Congress.

Howard Cure of Evercore and Maria Doulis, formerly of the Citizens Budget Commission, explore New York City's fiscal variables amid the pandemic. Paul Burton hosts. (30 minutes). Recorded Jan. 26.

Treasury Secretary Janet Yellen is giving Federal Reserve Chairman Jerome Powell a bit of a headache when it comes to managing the money markets.

Uncertainties include state and federal aid levels, the effects of vaccine distribution and the MTA's finances.

While most observers expect inflation to grow as the economy heals, the latest CPI numbers suggest that it hasn't yet arrived.