Coronavirus

The Bi-State Development Agency, which manages St. Louis public transit, took a two-notch downgrade from S&P Global Ratings over the pandemic's impacts.

The New York/New Jersey agency's issuance of $1.1 billion in taxable notes underscores multi-year revenue challenges it confronts due to the COVID-19 pandemic.

Sen. Chuck Grassley, R-Iowa., said the future needs of issuers are uncertain.

Both the June jobs report and newest jobless claims report came in better than expected as the U.S. economy continues to improve.

Traders and strategists say the dearth of tax-exempt debt and the surge of taxable issuance is keeping the market steady.

The deficits for the next two fiscal years remain unaddressed.

Gov. John Carney signed a $703 million capital bond bill for fiscal 2021 that was reduced by $185 million due to revenue losses caused by the COVID-19 pandemic.

Chicago’s net pension liabilities rose to $31.8 billion in 2019 from $30.1 billion.

Fed Chair Jerome Powell told House Financial Services Committee Chairwoman Maxine Waters that the Fed was looking at ways to adjust the Municipal Liquidity Facility to make some additional issuers eligible.

The local government's inertia and PROMESA's unwieldy structure, along with natural disasters and a global pandemic, have impeded Puerto Rico's recovery.