A big New York State Empire Development Corp. private placement is likely to be followed by more until the municipal primary starts functioning again.
Bond-financed bridges across the Rio Grande will lose revenue because of the partial closure of the border, as will the Texas economy.
The coronavirus is changing how consumers interact in branches and banking online. Bank leaders should be prepared.
The comptroller called for passage of a federal rescue bill and measures to shore up the city budget.
The city and state haven't put dollar amounts on what they need but both were already facing budget and pension stresses before the public health crisis struck.
Cost cutting is underway at central Florida's Orlando International Airport due to a steep decline in flights and passengers amid the coronavirus outbreak.
Some market professionals were quick to say that the step would not be sufficient to soften the blows hammering the wider muni market.
The SEC answered questions regarding COVID-19 disclosure in a webinar Thursday and said there would not be relief for issuers' late annual financial filings.
The central bank said its program to support money market mutual funds will also serve as a backstop for state and local governments.
The authority, which tapped its $1 billion credit line and received a warning shot from Moody's, says COVID-19 is a disaster that requires a national response.