News and Information from Bond Buyer

Fed chair warns recovery may not be quick or easy.

State officials estimate revenue shortfalls could reach more than $2 billion, but also believe the magnitude of budget trouble is "highly uncertain."

While their regions, sizes and funding streams vary, several mass transit systems underscored the dire need for additional federal funding.

A pre-pricing wire will be discussed by the state, its syndicate, and advisors early Wednesday ahead of a decision on whether to launch the deal or remain on the day-to-day calendar.

The short end of the municipal curve again saw yields fall, but that didn't impede the productivity of the day's new-issue market.

More than four out of five states needed supplemental appropriations, rainy day funds or fiscal reserves to meet coronavirus challenges.

It is feasible that not all COVID-19 filings are or will be material but one may want to err on the side of caution in this regard.

Voters overwhelmingly signed off on local school bond and revenue requests, and Milwaukee voters chose a new comptroller.

More issuers are missing bond payments and deadlines for filing annual financials; the Roman Catholic Church of the Archdiocese of New Orleans filed for bankruptcy partially blaming COVID-19, affecting $41 million of bonds.

The central bank will disclose information on a monthly basis about its Term Asset-Backed Securities Loan Facility and its Paycheck Protection Program Liquidity Facility.

Inflation, low before the coronavirus shut the economy, drops further.

Kate Brown also joined with the other governors and officials of the western states to urge Congress and the Trump administration to approve $1 trillion in aid.

Declining state support and COVID-19-related funding pressures triggered a second downgrade to New Jersey City University in advance of a $52 million borrowing.

Fitch Ratings downgraded Las Vegas a notch to AA-minus

Philip Howard, chairman of Common Good, discusses the need for such an agency to cut through red tape as the country rebounds from the coronavirus pandemic. Paul Burton hosts.

Moody's revised its outlook on the Chicago Transit Authority and Regional Transportation Authority to negative as COVID-19 threatens their revenue streams.

The Fed on Monday essentially said it was standing 10 feet back from the market, allowing it to manage the pandemic-driven crisis itself. Lower-rated issuers may benefit most from the facility.

The Westin Lombard hotel and conference center in Chicago's suburbs dipped into debt reserves to cover operations after closing in response to the pandemic.

With its amusement parks and stadiums shut down the city, which is prepping a bond refunding, is bracing for an $18 million hit to tax revenues.

State lawmakers will return to Columbia for a two-day session that will also determine what to do with embattled state-owned utility Santee Cooper.