State spending grew 7.8% to cover the expenses of battling COVID-19.
New York's mayor says the budget for the 2021 fiscal year is balanced despite the coronavirus impacts.
As gridlock grips the federal government, Colorado is hoping to shield citizens and businesses from worsening pandemic impact.
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.
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.
The election defeat of House Speaker Nicholas Mattiello changes the Ocean State's political playing field as it faces a $275 million deficit.
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.
No new negotiations are on the horizon as Washington lawmakers prepare to take a one-week hiatus from their lame-duck next week for Thanksgiving.
-
No new negotiations are on the horizon as Washington lawmakers prepare to take a one-week hiatus from their lame-duck next week for Thanksgiving.
November 19
-
Jobless claims rose and existing home sales surged, underscoring the uneven and sporadic nature of the COVID-19 pandemic recovery.
November 19
-
MTA officials revealed dark budget-and-service cut scenarios and Mayor Bill de Blasio closed in-person public schools, actions likely to ripple through the city's economy.
November 19
-
The bill would increase the federal share cost of disaster relief for the COVID-19 pandemic to 100% from 75%. It is unlikely to pass in the Senate.
November 18
-
Two vaccines seem effective and nearly ready for use, spurring talk of a return to normal.
November 18
-
The strong demand amid a dearth of new municipal issuance by states and a reach for yield also allowed New Jersey to skip a planned taxable portion and officials announced it would not need to access the Fed's Municipal Liquidity Facility.
November 17
-
October retail sales rose less than forecast, and with a new wave of rising infections, analysts worry that lost jobs and increased restrictions could hurt sales going forward.
November 17
