Washington

Gov. Phil Murphy reached a deal with Democratic state legislative leaders to pass nearly $10 billion of borrowing to deal with COVID-19 pandemic revenue shortfalls. The deal faces a legal showdown with Republican leaders.

Six states took revenue hits above 30%, according to report.

During a Brookings Institution annual conference, the Fed's Kent Hiteshew said it is continuing to monitor the market and if extra help is needed, the Fed is poised to consider it.

Setting capital investment priorities and other efficiencies can help the public transit system through its coronavirus-related fiscal crisis, a budget watchdog says.

The chance of the Federal Reserve using yield curve control is probably much higher than the market currently anticipates.

From 2009 to the first half of 2019, the number of competitive bids increased, helping issuers get the best selling price, the MSRB says.

The panel later this month will vote on the nomination of Judy Shelton, whose views on certain policy issues have met with skepticism from both Democrats and Republicans.

Wide-spread mask wearing and following other health-care measures will be vital to economic growth in the U.S., said Federal Reserve Bank of Dallas President Robert Kaplan.

Fourteen states and 19 local authorities have delayed or canceled road, transit and airport projects worth $8.58 billion due to the coronavirus.

State and local government layoffs already have been triple the amount of job losses that occurred during the Great Recession.