Washington

State Departments of Transportation said $50 billion would provide states the ability to meet existing debt obligations.

Municipal market participants are confused, to say the least, about the Federal Reserve and its ability to buy long-term municipal securities. And there’s a good reason for the puzzlement.

More federal rescue moves are necessary for the nation’s largest mass transit system, according to the advocacy group Reinvent Albany.

With Fed purchases on short end, more deals are showing up on the calendar and this week may become the testing ground for reopening the primary as participants gauge volatility and rates.

The central bank is creating a facility to provide financing to banks participating in the Small Business Administration’s Paycheck Protection Program.

Public finance advocates are focused on the reinstatement of advance refunding and higher limits on bank-qualified issuance.

While some economists expect a V-shaped recovery, others say it will not be as sharp as the decline, and it could be years before output rises to pre-coronavirus levels.

GASB will release on April 16 a list of delays to various initiatives because of the coronavirus pandemic.

BDA wants the he Fed to consider a standby, short-term lending facility for states and localities experiencing cash flow timing shortfalls.

Urban areas will get $22.7 billion in formula funds and $2.2 billion will go to rural areas.