Washington

A lot is at stake for the public finance industry in this fall's elections, in addition to the Fed's involvement in the municipal market. Bond Buyer editors Lynne Funk and Kyle Glazier discuss the climate in Washington. (10 minutes)

State and local governments would lay off an additional 1.5 million to 2 million workers if that happens, according to Mark Zandi, chief economist at Moody's Analytics.

Former Vice President Joe Biden already is running on a muni-friendly campaign platform.

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.