Economy

BDA wants the he Fed to consider a standby, short-term lending facility for states and localities experiencing cash flow timing shortfalls.

Coronavirus-driven job losses are way beyond predicted, and expected to get worse, but most still see a V-shaped recovery.

Urban areas will get $22.7 billion in formula funds and $2.2 billion will go to rural areas.

Federal Reserve Bank of Cleveland President Loretta Mester said U.S. unemployment could rise as high as 15% as the U.S. forcibly shuts down important parts of its economy to help contain the coronavirus pandemic.

The worst is yet to come from the coronavirus pandemic, said the commonwealth's revenue secretary, Dan Hassell.

Incoming data continued to show massive hits from the efforts to stem the spread of COVID-19, with jobless claims doubling and the New York manufacturing sector hitting all-time lows in activity.

Fitch Ratings placed Alaska's AA-minus issuer default rating on Rating Watch Negative.

Unprecedented historic times require use of all collective knowledge. Van Hesser, chief strategist, and William Cox, senior managing director of corporate and government ratings at Kroll, maintain the mission of a rating agency does not change at times like this. However, there is a continuous effort to raise the bar on all they do. John Hallacy hosts.

Federal Reserve Bank of Boston President Eric Rosengren said the roll-out of a new lending program for small-and-medium-sized U.S. companies may still be “another couple” of weeks away.

Wednesday’s economic data were not as bad as projected, but included just the beginning of the effects of the coronavirus on the economy.