McConnell said he favors changing the federal bankruptcy code to allow state governments to file for reorganization.

Issuers say Clayton’s comments on corporate disclosure from earlier this month can be applied to municipal disclosure.

While the number of people filing for unemployment dropped to 4.4 million, there are now 26 million Americans without work and economists expect the unemployment rate to hit 20%.

Mayor Eric Garcetti declared a state of fiscal emergency when he delivered his budget proposal for fiscal 2021.

Debt restructuring options as the transit agency navigates through the coronavirus crisis include refundings for savings or to push out debt, according to Robert Foran.

The March losses underscore the fiscal strains for hospitals but many facilities are expected soon to resume elective surgeries and diagnostic procedures.

The president said he envisions infrastructure as “a big part” of the next round of emergency legislation.

The new federal COVID-19 relief package probably won’t be the last boost the U.S. economy will get, economists say.