South Carolina lawmakers set aside money for the state’s pandemic response but it’s also on hold along with the fiscal 2021 budget.

May is when budget talks usually get serious in California, which has a budget highly dependent on income and capital gains taxes.

Jobless claims declined 261,000 from the previous week’s revised level of 6.87 million, originally reported as 6.65 million.

New York’s new state budget provides flexibility to deal with near-term revenue hits from COVID-19, but it has little bandwidth to withstand a deep recession.

Christopher Philips, CFA, head of Vanguard Institutional Advisory Services, discusses the importance of asset allocation during uncertain times as the coronavirus hits investors’ portfolios. He talks about looking at the fundamentals while distancing from the day-to-day value fluctuations. John Hallacy hosts this podcast, which was recorded March 20.

States can still take necessary steps to make crucial changes to their budgets as the coronavirus pandemic hampers the economy.

Brodsky, who died of suspected complications from COVID-19, is remembered as a tenacious public official and a skilled debater.

The Municipal Liquidity Facility will purchase up to $500 billion of short-term notes.