Subject Root Tag

Federal operating aid will help manage the Illinois Regional Transportation Authority's expected tax and farebox hits this year but storm clouds loom.

In a letter sent to the Fed Thursday night, House Financial Services Committee Chairwoman Maxine Waters said she wanted more issuers to participate in the Fed program.

Forecasts see contraction of 5.3% to 7.4% this year and recovery in 2021.

The MSRB's proposal to implement a more strict standard for public board members would impede the recruitment of qualified candidates, ICI said.

A complete disconnect between liquidity providers and seekers exposed the market’s inefficiencies: an asset class dominated by a limited investor base—retail investors—has grown increasingly concentrated.

In the wake of the COVID-19 pandemic, the city's budget shrinks by $6 billion.

Its series of responses provides a greater understanding of the city’s history, says NYU Wagner's Mitchell Moss.

Daily report for April 17, 2020.

The downgrade brings Fitch into alignment with Moody's and S&P, and the negative outlook leaves Illinois without any rating room above speculative grade.

Their governors are pressing the Trump administration to support more relief that directly addresses revenue blows

The secondary market took a backseat to the primary Thursday with yields holding steady while Lipper reported $833 million of inflows, the first since February 26.

Reducing the number of workers building two nuclear reactors is a "mitigating action" to address the impact of the virus, the utility said in a market notice.

One of the nation’s largest transportation borrowers issued its first bond disclosure about the fiscal impacts from the COVID-19 pandemic.

State Sen. John Moorlach thinks cities and counties should have to obtain voter approval before issuing pension obligation bonds.

The authority, which Moody’s dropped to A2 from A1, seeks a further $4 billion from Washington and has paused its capital program.

Jobless claims fell in the latest week though now 22 million Americans filed for unemployment since late March.

New York's mayor announced sharp cuts, a draw on reserves and a call for further assistance from Washington.

The ruling on the funding of municipal pensions and healthcare will pose a challenge to municipal government finances.

BDA and GFOA want the Fed to make its Municipal Liquidity Facility more accessible.

GASB said the delay comes in response to a number of requests because of the coronavirus pandemic, with some finance officers asking for up to an extra two years.