Municipal Bond Credit Report: Michigan expects ‘staggering’ revenue losses from coronavirus
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: Fed opens doors to issuers for MLF program
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…
Municipal Bond Credit Report: Homebuilder sentiment bounces back in May, after record plunge in April
Municipal Bond Credit Report: After the sharpest one-month drop in the history of the index in April, homebuilder sentiment bounced back slightly in May as builders saw a quick rebound…
Municipal Bond Credit Report: Federal government should help states, cities and hospitals recover from coronavirus, Gary Cohn says
Municipal Bond Credit Report: The federal government should help cities, states and hospitals recover some of the money lost amid the coronavirus pandemic, President Donald Trump’s former economic advisor Gary…
Municipal Bond Credit Report: Fed’s Jerome Powell Says Economy Faces Long, Uncertain Recovery
Municipal Bond Credit Report: Federal Reserve Chairman Jerome Powell said in an interview broadcast on Sunday that the U.S. economy could take more than a year to recover from the…
Municipal Bond Credit Report: The Fed’s $600 Billion Challenge: Lending Directly to Businesses
Municipal Bond Credit Report: The Federal Reserve is preparing to lend directly to middle-market businesses, filling a hole left by the government’s economic crisis relief efforts, and it is shaping…
Municipal Bond Credit Report: Tennessee reports revenues drop off nearly 40% in April
Municipal Bond Credit Report: Tennessee’s state revenue collections dropped $693.8 million in April for a year-over-year decline of 39.75%, according to Department of Finance and Administration Commissioner Butch Eley… Link…
Municipal Bond Credit Report: Coronavirus Lockdowns Trigger Rapid Drop in Retail Sales, Factory Output
Municipal Bond Credit Report: Consumers pulled back on spending and factories cut output at the fastest pace in decades as lockdowns to contain the coronavirus pandemic hit the U.S. economy……
Municipal Bond Credit Report: Industrial Production in U.S. Fell 11.2% in April
Municipal Bond Credit Report: U.S. industrial production posted the steepest one-month fall on record in April as efforts to control the coronavirus pandemic closed factories, sapped demand and froze global…
Municipal Bond Credit Report: Fed expects muni lending program up in few weeks, while issuers forge ahead
Municipal Bond Credit Report: Federal Reserve leadership said their municipal short-term lending program will be up and running in a matter of weeks, not months, while municipalities forge ahead and…
