Economy

The House is expected to release a stimulus package in the next few days.

The Fitch downgrade to A-plus from AA-minus affects nearly $2 billion in debt.

Bringing bond denominations down to $1,000 would capture goodwill from New York residents and transit riders, said Mitchell Moss of New York University.

The impact of COVID-19 is still ripping through the economy as the Institute for Supply Management-New York index fell to a new low of 4.3 in April and factory orders slumped 10.3% in March.

California's response to COVID-19 became a factor in Verity Health System's Chapter 11 proceedings.

Broker-dealers oppose a proposed change to MSRB's governance rule that would reserve two seats for municipal advisors.

The coronavirus is having a profound effect on the U.S. economy, but it should be able to stage a strong comeback, said former Federal Reserve Chairman Alan Greenspan.

Federal grants for the 10 transit systems with the highest ridership will cover their funding shortfalls an average of 5.4 to 8.3 months, according to a new estimate.

Charles Doraine settled with the Financial Industry Regulatory Authority on Monday without admitting or denying FINRA’s findings.

The system's offering statement presents a detailed picture of the pandemic's impact so far.

Several of the Lone Star State's manufacturing indexes dropped to record lows in April, a Dallas Fed survey showed.

Economists also expect the Fed's balance sheet to more than $10 trillion as policymakers look to lift the country from a recession brought on by the coronavirus pandemic.

While the number of people filing for unemployment dropped to 4.4 million, there are now 26 million Americans without work and economists expect the unemployment rate to hit 20%.

The March losses underscore the fiscal strains for hospitals but many facilities are expected soon to resume elective surgeries and diagnostic procedures.

The new federal COVID-19 relief package probably won’t be the last boost the U.S. economy will get, economists say.

The new bill to replenish the Paycheck Protection Program clarifies that hospitals created as political subdivisions are eligible.

After the unprecedented collapse an oil futures contract into negative territory, the leading oil producing states face budget uncertainty.

Existing home sales fell 8.5% last month as the Philadelphia Fed said its indexes fell to record lows in April.

Forecasts see contraction of 5.3% to 7.4% this year and recovery in 2021.

Reducing the number of workers building two nuclear reactors is a "mitigating action" to address the impact of the virus, the utility said in a market notice.