Municipal Bond Credit Report: Covid Still Poses Challenges for Financial System, Fed’s Quarles Says
Municipal Bond Credit Report: Global policy makers responded decisively to the coronavirus outbreak earlier this year but the financial system isn’t out of the woods yet, a top Federal Reserve…
Municipal Bond Credit Report: Layoffs Fell in May to Pre-Coronavirus Levels
Municipal Bond Credit Report: The number of Americans dismissed from their jobs fell sharply in May to match levels recorded before the coronavirus pandemic and related shutdowns caused widespread layoffs……
Municipal Bond Credit Report: New Coronavirus Surges Slow Economic Recovery
Municipal Bond Credit Report: The nation’s fledgling economic recovery is losing momentum, as a new wave of coronavirus infections causes businesses to scale back or reshutter in several big states…
Municipal Bond Credit Report: U.S. Treasury Reaches Loan Agreements With Five Major Airlines
Municipal Bond Credit Report: The U.S. Treasury Department has agreed to terms for loans to American Airlines Group Inc. and four smaller airlines as part of an aid program to…
Municipal Bond Credit Report: Rating agency choice scrutinized in audit of a California school district
Municipal Bond Credit Report: A recent audit by a California agency raised questions about a San Diego-area school district’s decision to choose a rating agency with criteria likely to result…
Municipal Bond Credit Report: Judge’s ruling slams door on Puerto Rico revenue bondholders
Municipal Bond Credit Report: Puerto Rico bankruptcy Judge Laura Taylor Swain rejected three related claims of bondholder liens on broad categories of commonwealth revenues, likely resulting in nearly $7 billion…
Municipal Bond Credit Report: U.S. Trade Deficit Widened in May as Both Exports, Imports Fell
Municipal Bond Credit Report: Trade between the U.S. and the rest of the world slowed further in May in a sign of the continuing toll that the coronavirus pandemic was…
Municipal Bond Credit Report: U.S. Unemployment Rate Fell to 11.1% in June
Municipal Bond Credit Report: Unemployment fell and the U.S. economy regained 4.8 million jobs in June, but the recent surge in coronavirus infections could throw the recovery off course… Link…
Municipal Bond Credit Report: New York Municipalities Feel Budget Crunch as Coronavirus Pandemic Squeezes Funding
Municipal Bond Credit Report: Officials in Buffalo, the second-largest city in New York, were already preparing to borrow $18 million to keep them in the black after the novel coronavirus…
Municipal Bond Credit Report: Cook County warns of $400 million coronavirus sting in 2021 budget
Municipal Bond Credit Report: Still working to close a COVID-19 pandemic driven fiscal 2021 budget hole, Illinois’ largest county is projecting a $410 million gap heading into the next budget…
