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The Chicago-area transit agency says it needs more federal aid to manage pandemic-induced funding shortfalls.October 20
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Democratic members of the Congressional Oversight Commission say the Federal Reserve has treated municipalities unfairly compared to private entities.October 16
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State lawmakers closed a $1.2 billion budget hole during a 15-hour special session, but they may need to return in the absence of federal coronavirus aid.August 13
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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
