Fitch follows Moody's in revising the Empire State's debt to negative from stable.
The MSRB wants to give dealers and muni advisors more time to implement amended rules and interpretive guidance as well as finish professional qualification and supervisory requirements.
Moody’s revised its outlook on Illinois’ Baa3 rating to negative from stable; a university study warns of a worst-case $28 billion multi-year revenue hit.
Democrats proposed an additional $100 billion for hospitals and $150 billion for state and local governments.
May is when budget talks usually get serious in California, which has a budget highly dependent on income and capital gains taxes.
Commonwealth of Australia (CBA) reports digital wallet users spent a AUS$1 billion (about $630 million) in March 2020, a high for the bank that's part of an acceleration to digital wallets and contactless cards during the coronavirus crisis.
New York’s new state budget provides flexibility to deal with near-term revenue hits from COVID-19, but it has little bandwidth to withstand a deep recession.
The city is projecting a $100 million deficit in its current budget once the public health crisis caused by COVID-19 eases, Mayor Mike Duggan said.
The deal to buy 200 million masks a month will help California's medical workers while pressuring its state budget.
Stay-at-home orders and school closures driven by COVID-19 have cut traffic in half or more on many toll roads and bridges.