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Negative outlooks trigger questions about other reeling areas in the capital markets crosshairs.

Ron DeSantis says he won’t trim or sign the 2021 state budget yet, but on Wednesday issued a statewide order limiting movement to essential services.

The Federal Reserve is poised to spray trillions of dollars into the U.S. economy once a massive aid package to fight the coronavirus and its aftershocks is signed into law.

Federal Reserve Chairman Jerome Powell said the central bank will maintain its muscular efforts to support the flow of credit in the U.S. economy as Americans hunker down from the coronavirus pandemic.

The Department of Finance told department heads it will be re-evaluating budget requests under a workload budget scenario.

President Donald Trump wants to re-open the U.S. economy by mid-April but Americans may take some persuading that it’s safe to emerge, said Federal Reserve Bank of St. Louis President James Bullard.

The Citizens Budget Commission is calling for far larger cost cutting and predicts that New York City could see $20 billion of lost revenues over three fiscal years.

The rating agency, citing severe ridership drops from COVID-19, dropped its rating to A-minus from A. It assigns a negative outlook.

The mayor cited COVID-19 as a spending priority while cases in his city represent more than one-third of the nation's total.

President Donald Trump said he called Federal Reserve Chairman Jerome Powell on Monday to thank him for his efforts to fight an economic slowdown from the coronavirus outbreak.