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Most of the state revenue loss came from $599 million in lower-than-estimated state sales tax collections, which support 79% of Florida’s budget.

With the latest federal rescue package stalled, New York's mayor has asked state lawmakers to authorize an additional $7 billion in bonding.

Federal Reserve Bank of St. Louis President James Bullard predicted the U.S. economy will recover from the highest unemployment since the 1930s with a rapid rebound that will push the jobless rate below 10% by December.

The Federal Reserve has already unleashed a barrage of new policies to keep the economy out of depression. Investors reckon it’s lining up another one.

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

Numbers in the fall will offer clearer picture of where economy is.

The request for a second municipal lending facility was made in a bipartisan letter sent to the Fed last week by four senators.

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

Federal Reserve Chairman Jerome Powell said the central bank is prepared to use its full range of tools and leave the benchmark lending rate near zero until the economy is back on track.

The Federal Reserve chair says it may take a while, but the U.S. economy will get back where it was before the coronavirus pandemic.