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…
Municipal Bond Credit Report: Georgia’s year-over-year state tax collections fell $1.03 billion in April, a reflection of the state’s “shelter in place” order and closure of non-essential businesses that began…
Municipal Bond Credit Report: The well-documented struggles of retailers, compounded by the indefinite closure of New York retail businesses during the COVID-19 pandemic, pushed two rating agencies to downgrade revenue…
Municipal Bond Credit Report: The threats posed by the COVID-19 pandemic to Chicago Transit Authority and Regional Transportation Authority of Illinois revenues led Moody’s Investor Service to revise both agencies’…
Municipal Bond Credit Report: U.S. consumer prices in April posted their largest monthly decline since the last recession after energy prices collapsed and efforts to contain the new coronavirus disrupted…
Municipal Bond Credit Report: The Federal Reserve Bank of New York said Monday that starting Tuesday one of its emergency market support facilities will begin buying corporate-bond exchange-traded funds, in…
Municipal Bond Credit Report: Federal Reserve Bank of Philadelphia President Patrick Harker said the U.S. economy’s eventual recovery from the Covid-19 pandemic is likely to be uneven, which could cause…
Municipal Bond Credit Report: Some investors recently contemplated negative U.S. Treasury rates and the three-month Treasury yield was negative for a few days, and although Federal Reserve officials have said…
Municipal Bond Credit Report: The Federal Reserve will charge issuers a premium — a baseline 150 basis points for triple-A issuers to 590 basis points for below investment-grade-rated issuers —…
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