With money flow suddenly stifled for millions of customers, demand for money management tools has skyrocketed.
Philadelphia Mayor Jim Kenney's revised budget proposed reflects a massive revenue shortfall, related to the shutdown to prevent the spread of COVID-19.
Illinois tentatively plans to sell $1.2 billion of certificates next week and $1 billion of bonds the following week.
New York's mayor announced sharp cuts, a draw on reserves and a call for further assistance from Washington.
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.
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.
Negative outlooks trigger questions about other reeling areas in the capital markets crosshairs.
The nation's second-most-populous county is factoring in a recession as it runs fiscal models on COVID-19's impact and is banking on federal aid for hospitals.
Businesses are struggling to adapt to remote work, according to a new survey by Arizent, the parent company of Employee Benefit News.
Despite rising 3% in 2019, DiNapoli expects bonuses to drop this year.