Subject Root Tag

The funds will be in addition to the $160 million from the Emergency Reserve Fund that the board released March 12.

The economic dislocations brought by COVID-19 led Fitch Ratings to drop the Long Island county to BBB-plus.

Eric Holcomb said the state will consider using bond authority to move forward with capital projects that were to have been funded on a pay-go basis.

The Fed today added in variable rate demand notes to other short-term municipal debt to a list of assets eligible to be used as collateral by financial institutions, which contributed to some stability in the secondary market.

The timing of a $1.5 billion deal California had planned to price Thursday is no longer firm amid massive dislocations in the markets.

The municipal bond market is facing a new reality as yields rise, issuance slows and investors remaining skittish about the future.

A big New York State Empire Development Corp. private placement is likely to be followed by more until the municipal primary starts functioning again.

Smaller hospital systems warn they are on fiscal life support as groups lobby for federal funds.

Two rating agencies placed a negative outlook U.S. toll roads, while others monitor risks as volumes decline as COVID-19 keeps drivers at home.

Federal Reserve Bank of St. Louis President James Bullard said the U.S. should declare the equivalent of a three-month break for nonessential businesses to fight the spread of the coronavirus.

Bond-financed bridges across the Rio Grande will lose revenue because of the partial closure of the border, as will the Texas economy.

Puerto Rico Oversight Board seeks delay in central government restructuring

Senate Democrats voted as a bloc Sunday evening to stop consideration of an estimated $1.6 trillion relief package because of its perceived shortcomings, including the lack of provisions to assist state and local governments.

The comptroller called for passage of a federal rescue bill and measures to shore up the city budget.

We are desperately trying to establish the bottom at present to provide a modicum of confidence that investors may stop raising cash and would be more inclined to put the cash horde back to work in the market.

Daily report for March 23, 2020.

The city and state haven't put dollar amounts on what they need but both were already facing budget and pension stresses before the public health crisis struck.

The municipal bond market again sold off as much as a half percentage point across the curve.

Judges said the district court judge was reasonable in her treatment of the case differently from that of a corporate bankruptcy.

The draft released Senate Republicans did not address emergency funding for state and local governments or publicly owned hospitals and airports.