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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.
May 12
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Federal Reserve officials warned the virus outbreak and a partial shutdown of the U.S. economy would result in a decline in the current quarter of historic proportions and risk the potential of massive bankruptcies that could create a lasting scar.
May 12
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Inflation, low before the coronavirus shut the economy, drops further.
May 12
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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.
May 12
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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.
May 12
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Fitch Ratings downgraded Las Vegas a notch to AA-minus
May 12
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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.
May 12
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Moody's revised its outlook on the Chicago Transit Authority and Regional Transportation Authority to negative as COVID-19 threatens their revenue streams.
May 11
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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.
May 11
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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.
May 11
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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.
May 11
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Federal Reserve Vice Chairman for Supervision Randal Quarles said financial strains triggered by the coronavirus have eased but “the storm” is not over and further steps may be needed to shelter the U.S. from the pandemic.
May 11
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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.
May 11 -
The Fed’s rates send a signal to the municipal market that it wants it to survive on its own.
May 11
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Atlanta Fed president said the Fed is keeping "all tools on the table" and could discuss negative rates.
May 11
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An indefinite closure of New York retail businesses during the COVID-19 pandemic added credit pressure on revenue bonds issued for the state’s largest mall.
May 11
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The COVID-19 pandemic got in the way of Salt Lake City International Airport's plans to issue bonds for the second phase of its $4.3 billion expansion.
May 11
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City officials and muni leaders remembered him as a passionate force behind bond issuance and a champion of career initiatives for youths.
May 11
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