Increased federal funding, Gov. Janet Mills’ targeting of coronavirus relief funds and the state’s relative success in fighting the pandemic have helped.
Greg Sullivan of Boston's Pioneer Institute explores the migration from Massachusetts and Connecticut to lower-tax states, and the ripple effects of a lawsuit regarding cross-state remote employees that could reach the U.S. Supreme Court. Paul Burton hosts. (13 minutes).
Minnesota was staring at a $1.3 billion gap in its next budget cycle just a few months ago, but the new revenue and economic forecast projects a $1.6 billion surplus.
Municipal issuers in the Southwest sold $93.5 billion of debt in 2020, a year in which the coronavirus upended the way bond business is done.
Taxable deals and refinancings fueled the 2020 volume spike as issuers adjusted to the coronavirus. The pandemic still looms over 2021.
Senate Majority Leader Chuck Schumer, D-N.Y., said there’s an agreement among “mayors, governors, and economists from across the political spectrum” that a sizable federal effort is needed.
The governor wants the first full actuarial contribution in 25 years, spurring discussion about what else one of the nation's lowest-rated states should do.
The Federal Reserve is nowhere near to pulling back on its support for the pandemic-damaged U.S. economy, Chairman Jerome Powell signaled at his testimony before Congress on Tuesday.
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The Federal Reserve is nowhere near to pulling back on its support for the pandemic-damaged U.S. economy, Chairman Jerome Powell signaled at his testimony before Congress on Tuesday.
February 23
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The COVID-19 pandemic didn't delay the deal but it did influence the structuring of the new money and refunding deal.
February 23
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Jonathan Bowles of Center for an Urban Future explores how New York City could benefit from a green public works program. He also calls for unlocking the potential of CUNY and improving the city's capital construction process. Paul Burton hosts (17 minutes).
February 23
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Political uncertainty will elevate bond price volatility for those issuers more dependent on fiscal support. Still, the broader market will benefit from support for education, transportation, and healthcare sectors.
February 23
Western Asset Management -
The rating agency called the commonwealth's proposed rainy day fund withdrawal moderate.
February 23
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U.S. Treasury Secretary Janet Yellen and Federal Reserve Chair Jerome Powell appear wary of signs of froth in financial markets, even as they press ahead with economic stimulus measures that are elevating the euphoria.
February 22
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Disneyland amusement park in Anaheim has been closed since March as California struggled to reduce its COVID-19 numbers.
February 22
