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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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High-grade trading Friday showed the disparate credit picture that investors are facing; they now need to dig deeper into municipal financials and the backstops on certain bonds.
May 8
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Depending on recovery, state's deficit could soar to $126 billion.
May 8
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The Puerto Rico Oversight Board and local government are being allowed to file additional replies concerning lift stay motions.
May 8
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The loss of $1.03 billion in revenues prompted state lawmakers to ask congressional delegates to support a $500 billion relief package for states.
May 8
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IRS General Counsel Michael Desmond said Wednesday his office has received “a number of requests” for extending deadlines.
May 8
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Federal Reserve Bank of Cleveland President Loretta Mester said Washington will have to step up aid to states and cities struggling with the economic impact of the coronavirus pandemic.
May 8
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While the employment report showed record job losses and a spike in unemployment, economists pointed to some positives.
May 8
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Uncertainty surrounding whether colleges and universities can safely open their doors this fall adds stress to the already challenged higher education sector.
May 8
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BB&T failed to submit accurate minimum denomination and maximum interest rates to the MSRB’s Short-Term Obligation Rate Transparency (SHORT) System in 3,710 instances, FINRA found.
May 8
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With tax revenues plummeting, one additional solution policymakers could consider would throw state and local governments a revenue lifeline: uncapping and funding the Community Disaster Loan program.
May 8
Ernst & Young LLP -
The pandemic is taking a toll on tax receipts, leading the central bank to establish a municipal debt facility. Without a turnaround, the consequences for the financial system could be dire.
May 8
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Projections for U.S. unemployment hitting 20% or higher may be too severe, according to a paper released Thursday by the Federal Reserve Bank of Cleveland.
May 7
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In the midst of issuer credit deterioration due to coronavirus, muni yields fell and new-deals were priced on the heels of California's $54 billion deficit news.
May 7
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The city will ask the Louisiana State Bond Commission to authorize issuing up to $100 million of revenue notes.
May 7
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The Puerto Rico government attributes the decline to the COVID-19 virus and the governor's resulting lockdown order.
May 7
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New report says hospitals lost a total of $1.44 billion a day between March and mid-April.
May 7
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Federal Reserve Bank of San Francisco President Mary Daly said she expects the U.S. economy to shrink this year with a recovery only getting under way next year.
May 7
