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Taxable equivalent yields on exempts are close to converging into taxables.

Fairfield, Alabama, weighed down by fiscal problems long before the coronavirus hit, filed for bankruptcy saying it is insolvent.

The GFOA is advocating for federal funding for special districts, which have not received any specific funding.

Moody’s Investors service downgraded the archdiocese to Baa1 from A1.

Groups want action before municipalities have to approve their budgets.

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

The path to recovery from the coronavirus — medical and economic — remains murky and unclear.

Steve Skancke, chief economic advisor at Keel Point, discusses negative interest rates and what parts of the market would suffer most from their implementation. Gary Siegel hosts.

Daily report for May 21, 2020.

With the status of federal relief uncertain, Illinois may ask lawmakers for approval to borrow as much as $4.5B through the Fed's MLF to deal with a coronavirus pandemic tax hit in fiscal 2021.

Clark Hill senior counsel Andrew Maher will serve a one-year term.

Municipal to U.S. Treasury ratios were attractive, especially on the short end, which drove secondary yields lower.

FOMC members see uncertainty and considerable economic risk from the coronavirus.

Moody's warns the current economic turmoil poses more pension-related credit risks for Illinois and many of its local governments than did the Great Recession.

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.

More pervasive virus testing and further fiscal stimulus is likely needed to revive consumer confidence and foster growth in the U.S. economy, according to Robert Kaplan, president of the Federal Reserve Bank of Dallas.

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.