Biden Administration

There is no deadline for local governments or states to spend the money, with much it expected to be put to use quickly.

She has repeatedly rejected concerns that Biden’s stimulus is excessive given the economy’s signs of recovery, and that run-away inflation could damage the economy.

A conversation with Rodney Slater and Bill Shuster

A year after COVID disrupted the markets, Sylvia Yeh and Scott Diamond, co-heads of fixed income at Goldman Sachs Asset Management discuss their strategies for 2021 and the important role of retail, consider the new regime in Washington, and contemplate where ESG fits into their portfolio as the muni market incorporates the burgeoning investor interest in it. Lynne Funk hosts (35 minutes)

Flexibility in federal funding programs that would allow cities to target what they consider their highest priorities is key.

President Biden has gone on record favoring statehood, unlike his predecessor who slow-walked federal aid to the territory in the wake of Hurricanes Maria and Irma.

NACo and the NLC were among 400 groups that sent a letter Monday to senators stating “enthusiastic endorsement” for the $350 billion “in flexible aid."

A federal appellate court in April 2020 struck down a federal law denying residents of the island eligibility for the Social Security Supplemental Income program for the severely disabled.

Senate Majority Leader Chuck Schumer, D-N.Y., said there’s an agreement among “mayors, governors, and economists from across the political spectrum” that a sizable federal effort is needed.

Treasury Secretary Janet Yellen said President Joe Biden favors boosting taxes on companies, and signaled openness to considering raising rates on capital gains, while steering clear of a wealth levy.