Fed chair warns recovery may not be quick or easy.
State officials estimate revenue shortfalls could reach more than $2 billion, but also believe the magnitude of budget trouble is "highly uncertain."
While their regions, sizes and funding streams vary, several mass transit systems underscored the dire need for additional federal funding.
The short end of the municipal curve again saw yields fall, but that didn't impede the productivity of the day's new-issue market.
More than four out of five states needed supplemental appropriations, rainy day funds or fiscal reserves to meet coronavirus challenges.
It is feasible that not all COVID-19 filings are or will be material but one may want to err on the side of caution in this regard.
Voters overwhelmingly signed off on local school bond and revenue requests, and Milwaukee voters chose a new comptroller.
More issuers are missing bond payments and deadlines for filing annual financials; the Roman Catholic Church of the Archdiocese of New Orleans filed for bankruptcy partially blaming COVID-19, affecting $41 million of bonds.
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State officials estimate revenue shortfalls could reach more than $2 billion, but also believe the magnitude of budget trouble is "highly uncertain."
May 13 -
While their regions, sizes and funding streams vary, several mass transit systems underscored the dire need for additional federal funding.
May 13 -
The short end of the municipal curve again saw yields fall, but that didn't impede the productivity of the day's new-issue market.
May 12 -
More than four out of five states needed supplemental appropriations, rainy day funds or fiscal reserves to meet coronavirus challenges.
May 12 -
It is feasible that not all COVID-19 filings are or will be material but one may want to err on the side of caution in this regard.
May 12SOLVE -
Voters overwhelmingly signed off on local school bond and revenue requests, and Milwaukee voters chose a new comptroller.
May 12 -
More issuers are missing bond payments and deadlines for filing annual financials; the Roman Catholic Church of the Archdiocese of New Orleans filed for bankruptcy partially blaming COVID-19, affecting $41 million of bonds.
May 12