Illinois tentatively plans to sell $1.2 billion of certificates next week and $1 billion of bonds the following week.
The state doesn't expect any short-term borrowing to cover the current fiscal year, Gov. Ned Lamont said.
One of the nation’s largest transportation borrowers issued its first bond disclosure about the fiscal impacts from the COVID-19 pandemic.
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 FAA announcement came several hours before the Treasury Department said it has reached loan and grant agreements with major passenger air carriers.
Due to the coronavirus, a plant in Indiana may not be able to make its bond payments.
Ginnie Mae will begin taking requests for assistance from issuers who, having exhausted all other options, are having trouble advancing borrowers' principal-and-interest payments to investors amid the pandemic.
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.
More federal rescue moves are necessary for the nation’s largest mass transit system, according to the advocacy group Reinvent Albany.