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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 majority of the economic disruption will occur in fiscal 2020, but the revenue impacts will extend into the first half of fiscal 2021, says Moody's Analytics Dan White.
The Ohio Democrat argued that the public wouldn't be able to meaningfully provide feedback on rules given the stressful circumstances related to the outbreak.
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.
Treasury Secretary Steven Mnuchin tweeted Friday that President Trump has directed him to move Tax Day to July 15, giving taxpayers more time to file their taxes in the midst of the coronavirus pandemic.
Even for companies that support remote work, having an entire staff working from home on short notice opens new complications for B2B payments and accounts receivable.
Moody’s lowered the giant IBD network’s credit rating with sobering words that could resonate across wealth management.
The Fed must set up a "family financial facility" that sends billions to households and small businesses so banks don’t misdirect relief funds.