Washington

Los Angeles County was entitled to $1.7 billion but will lose $696 million that goes back to the state capital in Sacramento.

The FAA announcement came several hours before the Treasury Department said it has reached loan and grant agreements with major passenger air carriers.

Starting on March 10, ETF prices consistently diverged from benchmark indices and were underpriced for about 10 trading days before converging again.

The board will "review the MSRB’s organizational response to the COVID-19 pandemic, including measures to ensure the safety of staff and stakeholders."

Technical and fundamental concerns surrounding credit and supply could present challenges for the market going forward but participants tepidly welcomed signs of stability.

Uncertainty remains the only constant regarding the coronavirus pandemic, and two Federal Reserve Bank presidents offered positive thoughts, although no definitive answers.

More than 1,900 out of 2,180 cities surveyed recently by the NLC and U.S. Conference of Mayors are expecting budget shortfalls.

Due to the coronavirus, a plant in Indiana may not be able to make its bond payments.

Confidence in the municipal market among participants has been boosted by the Fed purchase program, but some expect that if equities dive amid more coronavirus fears or re-test March lows, munis could be rattled once again.

Among NABL's asks from Congress is to introduce a direct-pay taxable bond program through a new proposed bill.