Municipal Bond Credit Report: New Jersey may be facing a more than $10 billion shortfall through the end of next fiscal year from the economic shockwave of the COVID-19 pandemic,…
Municipal Bond Credit Report: The economic shock stemming from the coronavirus pandemic hit lower-income households first and immediately left them much worse off, according to a new survey from the…
Municipal Bond Credit Report: Nearly 3 million workers applied for unemployment benefits last week, bringing the total number of applications in two months of coronavirus-related disruptions to 36.5 million… Link…
Municipal Bond Credit Report: The debate over the next federal stimulus package is taking on the trappings of a morality play, pitting Democrats who want $1 trillion in aid for…
Municipal Bond Credit Report: U.S. unemployment is expected to hit 17% in June as the economy contracts due to efforts to contain the coronavirus pandemic, economists predicted, and the economy…
Municipal Bond Credit Report: Citing its dependence on tourism, Fitch Ratings downgraded Las Vegas AA-minus from AA Monday and revised its rating outlook to negative… Link to Story
Municipal Bond Credit Report: Declining state support and COVID-19-related funding pressures triggered a second downgrade to New Jersey City University in advance of a $52 million borrowing… Link to Story
Municipal Bond Credit Report: Seventeen states have already begun drawing down their rainy day funds or fiscal reserves to deal with the coronavirus health crisis, according to the National Conference…
Municipal Bond Credit Report: WASHINGTON—The budget deficit soared to a record $1.935 trillion in the 12 months through April as the U.S. ramped up spending and cut taxes to counter…
Municipal Bond Credit Report: Federal Reserve Chairman Jerome Powell said Congress and the White House will need to spend more money to make sure policy makers’ quick initial response to…
Municipal Bond Credit Report: House Democrats released their latest bill Tuesday designed to blunt the coronavirus pandemic’s devastating effects on the economy and health-care system… Link to Story
Municipal Bond Credit Report: Arlington, Texas, home of professional sports stadiums, amusement parks and a General Motors assembly plant that were all shut down by the coronavirus pandemic, expects to…
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