Federal Reserve Bank of St. Louis President James Bullard said the U.S. economy has enough momentum to continue its recovery from the coronavirus slump even if Congress fails to pass additional taxpayer support.
The system took two rating hits over its rising debt levels and strained balance sheet metrics as it readies a $354 million borrowing.
S&P issued a bulletin Monday warning that pressure is mounting on Illinois' BBB-minus rating —the lowest investment grade — as federal relief remains stalled.
Facing a revenue disruption over next two years, the Harris County-Houston Sports Authority will ease cash flow pressure with a $100 million refunding.
Family emotions, union pushback, fears of a new COVID-19 wave, cost drivers and data fluctuations are all at play as the city flip-flops on in-person education.
Fitch questions Buffalo, N.Y's revenue estimates and says the pandemic forced the city to use much of its reserves.
During a Congressional Oversight Commission hearing, the Fed's Kent Hiteshew said the MLF is working as is, despite having made loans to only two issuers.
Biden's economic adviser pointed out that a new study couldn’t compare Biden’s economic plan to Trump’s because the president doesn’t have one.
-
Biden's economic adviser pointed out that a new study couldn’t compare Biden’s economic plan to Trump’s because the president doesn’t have one.
September 17
-
City leaders are evaluating layoffs, raise deferrals, leasing city assets and postponing construction projects.
September 17
-
Gov. J.B. Pritzker warns of thousands of layoffs across illinois governments and a $1 billion hit to education funding if the federal government does provide relief.
September 16
-
About 500 of Raymond James' workforce will be cut because of a decline in earnings due to low interest rates and the pandemic-induced economic downturn.
September 16
-
With its ratings intact as it navigates the pandemic's impact, the large Illinois system is issuing new money and refunding bonds
September 16
-
Potential fiscal fallout from the police killing of George Floyd and the pandemic's economic strains brought a negative outlook to the city's AAA S&P rating.
September 16
-
Kelly Mitchell wants to solidify existing NAST initiatives in the coming year, such as expanding 529 college savings plans.
September 16
