Coronavirus

A historic charter award defines a new beginning for digital banking, Varo Money becomes the first consumer fintech in US history to gain full regulatory approval to become a national bank

In their first bond election of the COVID-19 crisis, Oklahoma voters rejected several proposals, including $120 million in the city of Norman.

States are currently projecting revenue declines of 12% to as high as 40% in the current fiscal year.

A Government Finance Officers Association-led working group put out recommendations this week on timely and pandemic-related disclosure.

Municipal bond issuers in the Southeast sold $27.7 billion of debt, down 7% year-over-year as the region saw fewer big transportation and prepay gas deals.

New York City's comptroller wants the mayor to pull the executive order he issued in March, when the city needed to quickly purchase ventilators and other coroavirus-related equipment.

Federal Reserve Bank of Kansas City President Esther George, who has been among the most hawkish Fed policy makers, doesn’t oppose some overshooting of the central bank’s 2% inflation target and sees more risk of price pressures being too weak than too strong.

Michigan now pegs its three year coronavirus-related revenue losses at $5 billion but cautions that much remains unknown heading into 2021.

New Jersey Gov. Phil Murphy pitched a revised $32.4 billion nine-month 2021 fiscal year budget that hinges on billions of borrowing and newly enacted taxes to confront a coronavirus-induced revenue gap.

The region's municipal bond issuers borrowed $40.4 billion during the first half of the year as record low rates more than tripled refunding activity.