The move by New York's mayor could precede more citywide action in the absence of federal rescue aid or state-authorized long-term borrowing.

Congress should pass legislation that would allow Home Loan banks to backstop deposits by local governments at commercial banks and lower the cost of bond financing, two mayors argue.

With Congress gridlocked over the coronavirus rescure package, the nation's largest trasit authority may have to look for other options.

Declines are attributed to the pandemic and were highest among first-year students, report says.

Former Rep. Joe Crowley, D- NY., said fellow Democrats need to get on board with using public-private partnerships as a way to pay for infrastructure.

The city's full-court press on investors includes a webinar to replace pre-COVID-19 investor luncheons and one-on-one calls ahead of the $1.24 billion deal.

Rep. Josh Gottheimer of New Jersey, the Democratic co-chair of the caucus, described the package as “a common-sense framework."

The $73 million in present value savings over the next three years will help offset the costs of the coronavirus pandemic.