Washington

Issuers say extending the deadline is helpful, but they still need more flexible funding such as the ability to use federal aid to replace lost revenue.

Without giving a reason, Florida’s bond-funded passenger rail developer severed ties with Virgin and said the train system’s name will revert to Brightline.

On Tuesday, the Federal Reserve reduced interest rates in its Municipal Liquidity Facility by 50 basis points in each credit rating category.

The Federal Reserve reduced the interest rate spread on MLF tax-exempt notes by 50 basis points for each credit rating category.

Water utilities feel they have been left out of federal relief funding, making future financing in a WRDA bill important.

The total number of COVID-19 disclosures reported to EMMA for the week ending Aug. 9 was about 700, down from nearly 1,000 the previous week.

President Trump backtracked Sunday on his executive order that requires cash-strapped states to contribute $100 of a reduced $400 a week supplemental federal unemployment benefit.

Members of the economic research department of the Federal Reserve Bank of San Francisco take a look at the relationship between the effective lower bound interest rates and inflation.

A deteriorating market could change the calculus, but with rates at record lows, the MLF might not be needed for most issuers.

The gap between the two sides includes state and local aid, with the administration offering to agree to $200 billion while the HEROES Act favored by Democrats would provide $915 billion.