Economy

Laura Kelly is promoting the plan as an economic stimulus.

Marshall Medical Center in Placerville was cut to BB-plus.

State Departments of Transportation said $50 billion would provide states the ability to meet existing debt obligations.

More federal rescue moves are necessary for the nation’s largest mass transit system, according to the advocacy group Reinvent Albany.

Lee Igel, a professor at New York University's Tisch Institute for Global Sport, examines the ripple-effect economic impact, tangible and psychological, of sports cancellations due to the coronavirus. Paul Burton hosts.

Only a skeleton service will remain for essential workers who need to leave home to do their jobs.

The central bank is creating a facility to provide financing to banks participating in the Small Business Administration’s Paycheck Protection Program.

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.

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.

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

Consumer confidence dropped in March as the economy shut down to prevent the spread of the coronavirus, but economists expected a larger decline.

The firm will pre-qualify competitive sales to make sure they meet the ICMA’s green or social bond principles.

The state treasurer’s office began purchasing eligible VRDOs from participating Ohio health care systems and other critically important institutions.

Two of the Federal Reserve’s regional bank presidents expressed some confidence the U.S. economy can rebound strongly after coronavirus restrictions on consumers and businesses are lifted.

"Like all businesses, we are operating in a period of uncertainty which may last several months," Virgin Trains/Brightline President Patrick Goddard said.

Initial jobless claims surged, as expected, hitting an all-time high of a seasonally adjusted 3.283 million in the week ended March 21, as the impacts of the coronavirus-driven closures showed in the numbers, the Labor Department said. The previous high for claims was 695,000 in October 1982.

President Donald Trump wants to re-open the U.S. economy by mid-April but Americans may take some persuading that it’s safe to emerge, said Federal Reserve Bank of St. Louis President James Bullard.