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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.
May 18
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The city eyes interest savings and, if conditions permit, may take out some variable rate bonds too.
May 18
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Kent Hiteshew, who was recently hired by the Fed to help with the municipal market, said the Municipal Liquidity Facility opened Monday.
May 18
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The co-chair of the House Municipal Finance Caucus also predicted the cost of the $3 trillion HEROES Act will be negotiated downward.
May 18
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The Federal Reserve opened the door to participating in a competitive bidding process for short-term notes, a requirement in Illinois law.
May 18
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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.
May 18
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The plans include personal income tax notes and a line of credit with a consortium of banks.
May 18
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Mayor warns about a worsening budget picture amid possible roadblocks to further federal aid and more dire projections from watchdog IBO.
May 18
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The system is managing the pandemic's impact on its campuses and hospitals, as well as a drop in the price of oil, which supports it financially. Neither situation is expected to shake its rating strength.
May 18
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The state is facing an immediate $3.2 billion budget hole for the current fiscal year, with revenue estimates cut more than $5 billion for the next two.
May 18
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Uncertainty and volatility have caused a bifurcated market when it comes to credit, and widespread disparity between high-quality and high-yield is complicating matters for issuers.
May 15
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The Federal Reserve issued a stark warning Friday that stock and other asset prices could suffer significant declines should the coronavirus pandemic deepen, with the commercial real estate market being among the hardest-hit industries.
May 15 -
The Bluegrass State will issue debt for operations and capital needs at the University of Louisville Health Medical Center.
May 15
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California may need to use interfund borrowing to get its budget into balance, Gavin Newsom said.
May 15
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Analysts and issuers say the Municipal Liquidity Facility is a last resort aimed primarily at lower-rated issuers. But recent deals could prove the MLF’s effectiveness as a backstop.
May 15
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The economy continues to take a beating, but the Empire State Manufacturing Survey suggests better times are expected in six months.
May 15
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With retail sales' record decline, budget pain will continue.
May 15
