The budget cleared the Chicago City Council Tuesday. Rating agency and buy side reviews on the final plan will come next.
The budget closes a $400 million general fund and health care system gap and rising structural costs without a tax hike
Yellen will inherit an Office of State and Local Finance that has been a low-key operation since it was formed in 2014 to manage the Treasury’s response to Puerto Rico’s economic, fiscal and debt crisis.
Lawmakers choose a scoop-and-toss move despite calls for better targeting of the federal funds.
Municipal Securities Rulemaking Board CEO Mark Kim talks about his priorities after recently being named CEO in October, changes to its reduced board size and transparency of the board. Sarah Wynn hosts. (34 minutes)
Without more federal relief, the Illinois Regional Transportation Authority's service boards warn of devastating service cuts, layoffs and fare hikes.
Municipals held firm ahead of this week's new issue slate, which features deals from issuers in New York and Texas. Treasuries weakened as stocks rose on positive coronavirus news.
State spending grew 7.8% to cover the expenses of battling COVID-19.
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State spending grew 7.8% to cover the expenses of battling COVID-19.
November 23
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New York's mayor says the budget for the 2021 fiscal year is balanced despite the coronavirus impacts.
November 23
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As gridlock grips the federal government, Colorado is hoping to shield citizens and businesses from worsening pandemic impact.
November 23
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The Federal Reserve said Friday it would comply with a Treasury Department request to return unused funds meant to backstop five emergency lending programs, moving to tamp down a public rift that arose a day earlier.
November 20
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Analysts, issuers and lawmakers have mixed responses to the closure of the Municipal Liquidity Facility with some saying the move puts the municipal market in a precarious spot as COVID-19 continues to ravage the country.
November 20
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The election defeat of House Speaker Nicholas Mattiello changes the Ocean State's political playing field as it faces a $275 million deficit.
November 20
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Treasury Secretary Steve Mnuchin told Fed Chair Jerome Powell to end most emergency lending programs created earlier this year, including the MLF, on Dec. 31.
November 19
