Coronavirus

The Commerce Department reported that new orders for manufactured durable goods fell 14.4% in March while the University of Michigan’s consumer sentiment index dropped to 71.8 in April, the largest monthly decline on record.

Nevada was one of the last states to recover from the Great Recession

The state's tough budget position was underscored by an agreement with noteholders to extend a $750 million maturity while paying them higher interest.

Size, timing and structure hinge on market variables, senior manager Jefferies said.

A new mayoral task force will work on Chicago's economic recovery effort as the city's finance team continues to assess the damage.

S&P Global Ratings analysts say bookings that are two to three years out are already being canceled.

In a voluntary market notice, Florida outlines its actions to address the public health crisis caused by COVID-19.

The historic nature of how ratings for municipal issuers play out in times of severe volatility is under scrutiny from various market participants.

McConnell said he favors changing the federal bankruptcy code to allow state governments to file for reorganization.

Issuers say Clayton’s comments on corporate disclosure from earlier this month can be applied to municipal disclosure.

While the number of people filing for unemployment dropped to 4.4 million, there are now 26 million Americans without work and economists expect the unemployment rate to hit 20%.

Mayor Eric Garcetti declared a state of fiscal emergency when he delivered his budget proposal for fiscal 2021.

Debt restructuring options as the transit agency navigates through the coronavirus crisis include refundings for savings or to push out debt, according to Robert Foran.

As part of our effort to probe the impacts of and responses to the coronavirus pandemic, Arizent has been conducting surveys of leaders in financial and professional services. We ask you to take part by completing our newest 10-minute survey, and look for results in upcoming editorial coverage.

The March losses underscore the fiscal strains for hospitals but many facilities are expected soon to resume elective surgeries and diagnostic procedures.

The president said he envisions infrastructure as “a big part” of the next round of emergency legislation.

The new federal COVID-19 relief package probably won’t be the last boost the U.S. economy will get, economists say.

State Comptroller Thomas DiNapoli warns of multi-year budget hits from virus with more federal aid needed to fill the gaps.

The new bill to replenish the Paycheck Protection Program clarifies that hospitals created as political subdivisions are eligible.

"This is undoubtedly the toughest time in MTA history," said Patrick Foye, who has asked Congress to double its $3.8 billion relief package.