Coronavirus

The Fed will gradually sell its portfolio of corporate debt purchased through an emergency lending facility launched as the COVID-19 pandemic spread panic through financial markets.

The budget pays off Municipal Liquidity Fund loans, goes easier on local governments, cuts some corporate incentives, and begins drawing down federal relief.

A Moody's downgrade on San Antonio's convention hotel bonds came with the lowering of the outlook to negative on the city's Aaa issuer rating.

U.S. Chamber of Commerce Executive Vice President and Chief Policy Officer Neil Bradley described the proposal as “a good faith offer and a significant step in the right direction.”

Given that subway safety concerns could impair a rebound from COVID-19, recent spikes in crime and levels of policing triggered spirited discussion at a board meeting.

Cruise ship ports in the U.S. may see some light at the end of the tunnel after more than a year without any departures because of the COVID-19 pandemic.

Incumbents Bill Peduto and Eric Papenfuse were unseated, the Allentown race is too close to call and constitutional amendments to curb a governor's emergency powers appear headed to victory.

Federal aid and vaccine distribution boosted the city's finances and optimism for economic recovery, but uncertainty lurks at the national and state levels.

States are well-positioned to emerge from COVID-19, the investment firm said in its annual grading.

Three upgrades in two days and four in six weeks mark the state's first bond-rating upgrades in 20 years.

Voters will decide on constitutional amendments regarding the length of time a governor can implement a disaster declaration without legislative consent.

The outlook shift to stable from negative is a badly needed shot in the arm from the capital markets as the city prepares to come out of the COVID-19 pandemic.

State Comptroller Susana Mendoza urges the Treasury Department to change its guidelines to allow the state to pay off MLF loans with ARP funds.

The city and state want to use ARP funds to repay debt issued to manage the pandemic but Treasury's initial guidance would derail those plans.

Not only do government entities have new federal funds destined to reach them soon, but citizens also are supporting bond elections in record numbers.

Treasury’s 151-page interim final rule provides broad latitude for how the money can be spent.

Gov. J.B. Pritzker is now willing to fully fund a scheduled education funding hike but other contentious issues remain, notably corporate tax breaks.

While the race has drawn few headlines compared with the battle for mayor, a dozen hopefuls are running for the office.

The ratings agency said it action reflects the state’s solid economic recovery from the COVID-19 pandemic.

Reopening would help a public agency that needs $15 million in state help to cover debt service this year and is asking for additional operating subsidies.