In the near term, federal aid is sitting on balance sheets ready to be deployed if some of the downside economic risks become reality, experts say.

A long-awaited report from the Federal Reserve is a historic step toward the possible development of a central bank digital currency. But the Fed emphasized it would not create one without a clear directive from Congress and the White House.

The budget proposal reflects the state’s improving financial position, due in part to aid from the federal government.

Glenn Youngkin outlined his administration's priorities in Virginia; West Virginia Gov. Jim Justice unveiled a slightly larger budget plan for fiscal 2023.

The Department of the Treasury’s warning letter to Arizona may be a warning to all states who defy the Biden Administration’s rules related to ARPA funding, but disclosure related to clawbacks could be a problem for muni issuers.

President Biden will nominate Sarah Bloom Raskin to be the Federal Reserve’s vice chair for Supervision and Lisa Cook and Philip Jefferson to be governors. The selections keep a Biden promise to improve diversity at the Fed.

Gov. Gavin Newsom listed homelessness, wildfire prevention, climate change and continuing efforts to reduce pension liabilities as budget priorities.

Federal Reserve Vice Chair Richard Clarida intends to resign from the board of governors on Jan. 14, two weeks before his term is due to expire.

Treasury’s final rule on the State and Local Coronavirus Fiscal Recovery Fund allows counties to use up to $10 million for general public services and expands the list of eligible water, sewer, and broadband infrastructure projects.

Central bankers need to speak up about economic barriers prompted by racism and the need for inclusion and diversity, Federal Reserve Bank of Atlanta President Raphael Bostic said, a response to critics who see the work as a distraction from the Fed’s main goals. 

The Treasury has issued final ruling for the State and Local Fiscal Recovery Funds program, leaving the ban on the use of stimulus funds to offset tax cuts and furthering the battle of its constitutionality.

Gov. Kathy Hochul's “New Era for New York" initiative includes a $10 billion healthcare proposal, a $1 billion plan to help small businesses, middle-class tax relief, ethics reforms and limiting statewide elected officials to two terms.

It would mark only the third transit P3 in the country and would be under pressure to deliver without the problems that dogged the other two.

Several pension-related matters that impact Chicago, Cook County and suburban and downstate public safety pension funds face an uncertain fate.

A whopping 27% increase in revenues in the second half of fiscal year 2021 sets the state up to replenish its reserves and restore positions cut during the pandemic.

If Nevada surpasses $500 million in gaming revenues in December, it will become the greatest single-year total.

Despite its snowy reputation, the region sees itself as a climate refuge due to cooler temperatures, reliable infrastructure and Lake Erie freshwater.

Inflation, labor shortages and implementation uncertainties loom as the Infrastructure Investment and Jobs Act moves into center stage next year.

The nation's second most populous state plans to expand debt issuance despite the continuing pandemic.

Wisconsin closed fiscal 2021 with a record $1.18 billion positive balance based on the GAAP yardstick that had long showed the state in the red.