Robin Marshall, director of fixed income research at FTSE Russell, talks about what investors should be paying attention to during the coming year. He looks at inflation prospects, possible Central Bank actions and the continuing effects of the COVID-19 pandemic. Chip Barnett hosts. (15 minutes)

Skeptics ask whether New York's governor is overplaying the Washington hand and how the state can improve its own lot.

As travel declines during the coronavirus pandemic, munis backed by tourists' cash may come under increasing financial pressure.

The California Endowment, the largest health foundation in the state, plans to offer its first debt sale in nearly two decades to help alleviate some of the financial pressure charities around have been facing due to COVID-19.

The incoming Biden administration last week proposed direct federal aid of $350 billion to state and local governments as part of a proposed $1.9 trillion coronavirus relief bill.

State tax revenues remain down compared to pre-coronavirus figures but estimates in a new forecast are higher than its previous official forecast in August.

In addition to direct aid, they would get money for vaccinations, education, transit, housing, Medicaid, LIHEAP, and TANF.

The New York mayor rolled out his $92.3 billion preliminary spending plan with warnings about federal and state variables, more pronounced amid the COVID-19 crisis.