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Federal Reserve Bank of Minneapolis President Neel Kashkari says the coronavirus will inflict “devastating” levels of U.S. unemployment and economic recovery will be long and gradual.
May 7
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The U.S. Supreme Court is expected to hear oral arguments this fall in California v. Texas.
May 7
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A bipartisan group of New York lawmakers announced Wednesday plans to introduce a bill that would split federal aid between counties and municipalities.
May 7
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The House is expected to release a stimulus package in the next few days.
May 7
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The steep drop in revenue does not yet reflect the collapse in oil prices, Oklahoma Treasurer Randy McDaniel said.
May 7
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Initial jobless claims continued to slide, but remain above the 3 million mark, as an expected ugly unemployment report is on deck.
May 7
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The state government, which was looking at multibillion-dollar surpluses before the coronavirus struck, is now facing a $54.3 billion of red ink.
May 7
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The National Federation of Municipal Analysts asked the Municipal Securities Rulemaking Board to create a separate category for COVID-19 related disclosures.
May 7
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While the economic data are still bleak, signs of recovery may already be emerging.
May 7
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The Fitch downgrade to A-plus from AA-minus affects nearly $2 billion in debt.
May 7
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Bringing bond denominations down to $1,000 would capture goodwill from New York residents and transit riders, said Mitchell Moss of New York University.
May 7
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Gary Zimmerman, CEO of MaxMyInterest, discusses the recent Federal Open Market Committee meeting, the challenges of responding to the coronavirus pandemic and the issues it caused, and why interest rates may have to stay low for longer than many expect. Gary Siegel hosts.
May 7
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Cheng, a six-year veteran of the rating agency, will be a senior vice president of Citi's Institutional Clients Group.
May 6
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The two state administrations laid out initial estimates of revenue losses due to the pandemic as the federal government debates additional relief.
May 6
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Primary deals are now coming at tighter spreads to the secondary than they have recently. Cooler heads are appearing on the institutional side, but ICI reports $1.7 billion pulled from muni market mutual funds.
May 6
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This year's award recipients are New York City Comptroller Scott Stringer, city Deputy Director for Finance Alan Anders and Jefferies banker Kym Arnone.
May 6
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One of the bills authorizes $17 billion in new federal authorization to invest in water infrastructure as municipalities grapple with coronavirus’ impact on their water systems.
May 6
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Federal Reserve Bank of St. Louis President James Bullard said policymakers need to mitigate the ongoing risks from the coronavirus in the second half of the year and gradually reopen the U.S. economy to avoid deeper harm.
May 6
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The Federal Reserve has been proactive and the secondary market could be next up for assistance.
May 6
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The board of the troubled Jacksonville, Florida, utility voted to hire Paul McElroy as interim CEO.
May 6
