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New York’s new state budget provides flexibility to deal with near-term revenue hits from COVID-19, but it has little bandwidth to withstand a deep recession.

Christopher Philips, CFA, head of Vanguard Institutional Advisory Services, discusses the importance of asset allocation during uncertain times as the coronavirus hits investors’ portfolios. He talks about looking at the fundamentals while distancing from the day-to-day value fluctuations. John Hallacy hosts this podcast, which was recorded March 20.

States can still take necessary steps to make crucial changes to their budgets as the coronavirus pandemic hampers the economy.

Brodsky, who died of suspected complications from COVID-19, is remembered as a tenacious public official and a skilled debater.

The Municipal Liquidity Facility will purchase up to $500 billion of short-term notes.

Daily report for April 09, 2020.

The city is projecting a $100 million deficit in its current budget once the public health crisis caused by COVID-19 eases, Mayor Mike Duggan said.

The market appears to be moving toward some semblance of normal conditions as the new-issue pricings and moderating bid volume create a more stable tone.

The review by Moody's Investors Service comes as the district is working on new money and refinancing deals.

COVID-19 will have a lasting impact on economic prosperity, said Federal Reserve Bank of Chicago President Charles Evans.

He served a third of his career as a senior managing director of Citi’s Institutional Clients Group, a role from which he retired in June 2019.

Policymakers saw risks pointing to the downside and warranting a “forceful” response, according to a record of their emergency gathering on March 15.

The deal to buy 200 million masks a month will help California's medical workers while pressuring its state budget.

Moody's Investors Service revised the Pennsylvania regional health system to negative citing revenue risks from COVID-19.

The housing market may turn out to be a big factor in how fast the U.S. economy recovers.

Stay-at-home orders and school closures driven by COVID-19 have cut traffic in half or more on many toll roads and bridges.

Leading Democrats support Mitch McConnell's $250 billion for small businesses and want another $250 million for hospitals and state and local governments.

The council wants to focus on the social safety net in light of the COVID-19 pandemic.

The COVID-19 crisis has stretched many hospital groups, notably in Greater Boston, to their limits.

Daily report for April 08, 2020.