News and Information from Bond Buyer

The agency has lost substantial revenue from plummeting ridership and faces rising COVID-19-related expenses.

The mass transit system still holds a strong presence despite three bond rating downgrades amid the coronavirus, Chief Financial Officer Robert Foran said.

The policy case for federal support is strong: in the coronavirus era, the U.S. is looking at an emergency that is the equivalent of 50 states worth of hurricanes, fires and floods, lasting more than two years, with a very slow economic rebound.

Hawaii struggles to close shortfall while crafting reopening plan.

Indian River County petitioned the court to overturn its unsuccessful appeal against the U.S. Department of Transportation and the passenger train operator.

As Gov. Charlie Baker reopens the state, a taxpayer group paints a dire revenue picture.

Eric Fischer returns to the firm and will focus on municipal finance and tender option bonds.

The front of the municipal yield curve is 'astounding' and traders said dealers are uncharacteristically accepting the levels, likely due to the historically attractive ratios.

The Evanston, Illinois-based university will offer $300 million of taxable debt as soon as Wednesday after losing its gilt-edged rating status.

New Mexico is expected to face sizable structural deficits because of declining oil and gas prices and production, the rating agency said.

In March 2020, spreads skyrocketed to 97 basis points before dropping slightly to 88 basis points in April 2020.

New York's DASNY is expected to make a $1 billion private placement Friday.

State lawmakers passed a continuing resolution, and expect to return to Columbia in September to complete work on a budget for fiscal 2021, which begins July 1.

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

The MSRB also said more municipalities have begun referencing CARES Act loans in their disclosures.

Chicago officials, who present a budget in October, are reviewing scenarios that consider how long shutdowns remain in place and what happens afterward.

An important corollary of the pandemic is bolstering the green bond market: a heightened level of investors’ attention and sensitivity toward social and environmental issues.

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

With rates near zero, analysts will turn to minutes of the latest FOMC minutes for signs of upcoming economic support.

President Trump named Sarah Feinberg, a former FRA administrator, and Chris Koos of Illinois to the board of the quasi-public national passenger railroad.