Coronavirus

The offering of special tax obligation bonds comes as the state begins a four-phase reopening in its next response to the coronavirus.

Yields on all triple-A benchmark curves out to nine years are now below 1%. The largest bumps were again on the very short end of the curve. Lipper reported $580 million of inflows.

California lawmakers have tough decisions ahead as they work to balance the budget, Gavin Newsom said in introducing the "May Revise" budget.

Oklahoma lawmakers stood their ground after Gov. Kevin Stitt vetoed the budget and diversions from pension funds and transportation.

Signs of an economic downturn appeared in April revenue collections, said Tennessee's Finance and Administration Commissioner Butch Eley.

Most observers expect advance refundings and BABs will be included in some legislation enacted this year.

The commonwealth has been able to access less than 30% of the aid the federal government promised after the devastating 2017 hurricane.

The Garden State may be facing a more than $10 billion shortfall through the end of next fiscal year, according to Treasurer Elizabeth Maher Muoio.

Former California Gov. Jerry Brown thinks the U.S. and Europe should have taken a page from Taiwan’s book in dealing with the coronavirus.

Investors scooped up Illinois’ $800 million deal as the state dug deep into its pockets .

Congress should direct more COVID-19 relief dollars to higher ridership systems, think tank Regional Plan Association said.

State officials say Colorado needs to cut $3.3 billion from the budget for fiscal year 2021 after the largest revenue drop in the state’s history.

Investors are sending the message that higher-grade, longer-term issuers will fare far better than lower-rated, higher-yield ones amid a focus on credit.

The $3 trillion plan doesn't allow advance refundings or reinstate Build America Bonds

Market participants want the Fed to get the program up and running by the end of this month.

Fed chair warns recovery may not be quick or easy.

State officials estimate revenue shortfalls could reach more than $2 billion, but also believe the magnitude of budget trouble is "highly uncertain."

While their regions, sizes and funding streams vary, several mass transit systems underscored the dire need for additional federal funding.

The short end of the municipal curve again saw yields fall, but that didn't impede the productivity of the day's new-issue market.

More than four out of five states needed supplemental appropriations, rainy day funds or fiscal reserves to meet coronavirus challenges.