Municipal Bond Credit Report: State sales tax revenue dropped 21% in May, may take years to recover
Municipal Bond Credit Report: State sales tax revenue dropped an average of 21% in May, according to data released Tuesday, highlighting the severe impact of the COVID-19 pandemic on state…
Municipal Bond Credit Report: U.S. June Consumer Prices Rose Sharply as Reopenings Prompted More Buying
Municipal Bond Credit Report: U.S. consumer prices rose sharply in June while states were broadening efforts to reopen, with costs snapping back for products and services that were hit hard…
Municipal Bond Credit Report: Coronavirus Spending Pushes U.S. Budget Deficit to $3 Trillion for 12 Months Through June
Municipal Bond Credit Report: The U.S. budget deficit reached $3 trillion in the 12 months through June as stimulus spending soared and tax revenue plunged, putting the federal government on…
Municipal Bond Credit Report: Fed’s Williams: SOFR Rate System Has Performed Well During Coronavirus Crisis
Municipal Bond Credit Report: Federal Reserve Bank of New York President John Williams said Monday that a replacement for the scandal-plagued Libor interest-rate reference regime has fared well amid the…
Municipal Bond Credit Report: California Audit Delayed
Municipal Bond Credit Report: The transition to the new statewide accounting, budget, cash management and procurement system as well as the impact of the implementation of measures by State departments…
Municipal Bond Credit Report: The muni market overall is set for more gains, but some bonds are riskier than they appear
Municipal Bond Credit Report: Municipal bonds outperformed Treasurys in June and they could continue to see good demand this summer, even as the pandemic limits economic activity and strains state…
Municipal Bond Credit Report: U.S. Initial Unemployment Claims Edged Lower in Latest Week
Municipal Bond Credit Report: New applications for unemployment benefits edged down last week and the number receiving payments fell to the lowest level since mid-April, signs the labor market is…
Municipal Bond Credit Report: For Pensions, Valuing Real Estate Is Tough. Covid-19 Brings New Hurdles
Municipal Bond Credit Report: Public pension funds invested in malls, apartments and offices over the last decade in search of higher returns. Now they are grappling with how much those…
Municipal Bond Credit Report: North Dakota’s temporary closure of a county jail over death triggers rating review
Municipal Bond Credit Report: The state-ordered temporary closure of a North Dakota county’s debt-financed jail for procedural violations — that came to light after the death of a person in…
Municipal Bond Credit Report: Recession Forces Spending Cuts on States, Cities Hit by Coronavirus
Municipal Bond Credit Report: State and local governments from Georgia to California are cutting money for schools, universities and other services as the coronavirus-induced recession wreaks havoc on their finances……
