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

State Comptroller Thomas DiNapoli warns of multi-year budget hits from virus with more federal aid needed to fill the gaps.

The new bill to replenish the Paycheck Protection Program clarifies that hospitals created as political subdivisions are eligible.

"This is undoubtedly the toughest time in MTA history," said Patrick Foye, who has asked Congress to double its $3.8 billion relief package.

The rating agency delivered the latest coronavirus-related hit to the city's ratings by cutting its outlook. The city's GO bonds were affirmed at AA.

Secondary market trading showed yields rising slightly, but the primary market again showed signs of life, as demand for the asset class seems to be gaining ground.

Financial strains from COVID-19 were the primary factor in downgrading the state to A-minus from A. The outlook was revised to negative from stable.

After the unprecedented collapse an oil futures contract into negative territory, the leading oil producing states face budget uncertainty.