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Metropolitan Transportation Authority Chairman Patrick Foye called mass transit "the circulatory system of the nation."July 29
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The three-month extension for the central bank's lending programs is one of several recent steps by policymakers to stabilize the economy as the coronavirus pandemic stretches through the summer.July 28
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The Senate minority leader told advocates to lean on 21 key Republicans. "Everyone has friends and family in other states," he said.June 19
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Municipalities have been counting on another round of stimulus from the federal government.June 11
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The central bank will increase support for credit issued through the Main Street Lending Program while providing midsize firms with more flexibility on the amounts they receive.June 8
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Illinois said Tuesday it signed an agreement for the Municipal Liquidity Facility to purchase its one-year certificates. Closing is expected Friday.June 2
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Members of both parties raised concerns that the requirements for participating in the Municipal Liquidity Facility and Main Street Lending Program are too restrictive to benefit smaller localities and certain midsize firms.June 2
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Cities and counties of fewer than 500,000 are seeing a fraction of the reimbursements for coronavirus spending that their larger counterparts received.June 1
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With tax revenues plummeting, one additional solution policymakers could consider would throw state and local governments a revenue lifeline: uncapping and funding the Community Disaster Loan program.May 8
Principal, Restructuring Advisory ServicesErnst & Young LLP
