S&P Global Ratings follows Moody's Investors Service in revising state’s credit outlook downward on revenue losses from COVID-19 pandemic.
Nevada was one of the last states to recover from the Great Recession
Mayor Eric Garcetti announced plans to furlough thousands of city employees because of coronavirus-driven shortfalls.
New York's mayor announced sharp cuts, a draw on reserves and a call for further assistance from Washington.
Controversy over state borrowing levels and how to backstop COVID-19 measures surrounded a two-year, $4.7 billion bond authorization bill that Gov. Ned Lamont signed.