The city faces the loss of $348 million of revenue because of the economic shutdown, threatening the balanced budgets it needs to avoid state intervention.
With coronavirus decimating the state's dominant industry of tourism, Moody's dropped Hawaii's rating outlook to negative.
A Florida utility continues to pursue a lawsuit against a public power agency with a stake in the Plant Vogtle project.
The FAA announcement came several hours before the Treasury Department said it has reached loan and grant agreements with major passenger air carriers.
The board will "review the MSRB’s organizational response to the COVID-19 pandemic, including measures to ensure the safety of staff and stakeholders."
Even before the coronavirus pandemic, it was becoming clear that the work of the past decade to establish the Single Euro Payment Area was paying off with real-time payments networks and opening possibilities for another European payments scheme.
Illinois has spent about $170 million on coronavirus-related expenses so far, and Gov. J.B. Pritzker said more information on the budget impact is coming.
More than 1,900 out of 2,180 cities surveyed recently by the NLC and U.S. Conference of Mayors are expecting budget shortfalls.
Due to the coronavirus, a plant in Indiana may not be able to make its bond payments.
Amid the market mayhem and work-from-home requirements, Hilltop Securities is adopting new tools to keep clients current on coping strategies.