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Municipal Bond Credit Report: Already struggling under the weight of burdensome pension tabs, Illinois and many of its local governments face even more damaging wounds from the COVID-19 pandemic, raising…

Municipal Bond Credit Report: Illinois’ fiscal 2021 budget may rely on borrowing billions through the Federal Reserve’s short-term borrowing program if separate direct funding help from the federal government that…

Municipal Bond Credit Report: Workers filed an additional 2.4 million unemployment claims last week, a slight drop-off from previous weeks in the wave of historically high filings since the economic…

Municipal Bond Credit Report: Illinois may use the Federal Reserve’s Municipal Liquidity Facility for its $1.2 billion sale of one-year certificates to help manage a fiscal 2020 budget hole caused…

Municipal Bond Credit Report: The Federal Reserve’s short-term municipal note program is “open today” to states and local governments struggling with financial woes during the pandemic, though it was reiterated…

Municipal Bond Credit Report: Reinstatement of advance refundings could be a relatively low-cost addition to the $3 trillion House-passed HEROES Act as congressional Democrats negotiate changes with Senate Republicans and…

Municipal Bond Credit Report: Federal Reserve Chairman Jerome Powell said the central bank is prepared to use its full range of tools and leave the benchmark lending rate near zero…

Municipal Bond Credit Report: Treasury Secretary Steven Mnuchin said Tuesday he was prepared to provide more money and take more risk to expedite lending programs being established by the Federal…

Municipal Bond Credit Report: Treasury Secretary Steven Mnuchin told senators Tuesday that his department and the Fed are “fully prepared to take losses in certain scenarios” on the capital remaining…

Municipal Bond Credit Report: With steep cuts needed for California to balance its budget this year, California may need to engage in interfund borrowing to get its budget to balance,…

Municipal Bond Credit Report: Michigan expects to lose $3.2 billion in revenue it was counting on to fund this year’s budget, and another $5 billion over the next two fiscal…

Municipal Bond Credit Report: The Federal Reserve is now accepting letters of interest from issuers for its municipal short-note program, which suggests it won’t be long before states and local…