Person Root Tag

The comptroller report said New York City's reserves mitigate the need for bond financing to fund operations as the city has more in reserve funds than pre-Great Recession and Sept. 11-related recession figures.

The U.S. economy faces “slow going” with no additional fiscal support likely for several months, said former New York Fed President William Dudley.

As more people work from home, people could be more focused on building out broadband infrastructure.

New York's mayor is shifting $466 million to the current fiscal year’s capital budget to tackle affordable housing needs to offset some of his coronavirus-related cuts.

New York Gov. Andrew Cuomo is holding off on addressing a widening revenue gap until after the election, hoping a Democratic win will mean more stimulus, a move analysts criticized.

Fed finds most areas improving, with different sectors showing greta variation in activity.

Finance commissioner Jacques Jiha will succeed Hartzog, Mayor Bill de Blasio announced.

Florida is taking public comments about a toll road program that would add more than 300 miles of highway across broad swaths of the state.

The program will give recent grads a firsthand experience of working in city government.

Fed Chair Jerome Powell said the government shouldn't worry about "overdoing it."

Some see promise in the endeavor while others are skeptical about Mayor Bill de Blasio's initiative.

President Donald Trump announced early Friday that he and First Lady Melania Trump had tested positive for COVID-19, shortly after one of his closest aides, Hope Hicks, had fallen ill with the coronavirus.

Bond analysts and budget watchdogs say the move underscores the need for the de Blasio administration to look within for efficiencies, even if it receives more federal or state help.

The U.S. economy should continue to recover from the coronavirus-induced recession even if Congress puts off consideration of additional fiscal stimulus to 2021, Federal Reserve Bank of St. Louis President James Bullard said.

Even with revised estimates amid the pandemic, year-over-year revenue collections in Florida were down 4.6% in August compared with 2019.

Democratic presidential nominee Joe Biden’s search for a Treasury secretary is widely seen as focusing on Lael Brainard of the Federal Reserve, a choice that would keep both Wall Street and progressives in line.

While Scott Stringer and Eric Adams now top list of successors to Bill de Blasio, the political dynamic may have changed in the wake of social justice protests and the COVID-19 pandemic.

Federal Reserve Bank of St. Louis President James Bullard, in the most upbeat comments by a central banker since the start of the COVID-19 outbreak, said the U.S. economy may surge at a 35% annualized rate in the third quarter and the nation may be close to a complete recovery by year-end.

Mayor Bill de Blasio expanded furloughs to all managerial and non-represented employees while City Hall also faces an alarming coronavirus spike in some neighborhoods.

A multi-part study by Cornell Consulting concludes that Florida should not build three major toll roads that are under consideration.