Budgets

The proposed budget taps one-third of Cook's $1 billion in federal COVID relief, makes a supplemental pension contribution and holds the line on taxes and fees.

Congress this week will take up bills closely watched by the muni market, including infrastructure, budget and debt ceiling measures.

As two women compete for the city's top office, a ballot measure with big ramifications for its finances will also shape its future.

New leaders could create a joint blueprint while sidestepping another fiscal cliff, said Peter Goldmark, a major player when the city nearly went bankrupt.

Mayor Lori Lightfoot wants to use $1.3 billion of the city's $1.9 billion in coronavirus relief aid to make up for lost revenues.

The government is also hoping an outside company will take over the Limetree oil refinery in St. Croix.

Majority Leader Steny Hoyer said Friday the House will vote next week on the debt ceiling as well as a must-pass stopgap spending measure.

The “tool kit” legislation expands powers of the Local Government Commission, including a last-resort legal process for voluntary or involuntary dissolution.

Moody's says Guam needs to be ready to respond to shortfalls.

While the city has a long history of coping with disasters including the Sept. 11 attacks, the COVID-19 pandemic is a work in progress.