Municipal Bond Credit Report: Powell says Fed to use ‘full range of tools’ to support economy
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: Mnuchin Says Treasury Ready to Provide More Money, Take More Risk in Fed Lending Programs
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: ‘We are fully prepared to take losses’ on coronavirus business bailouts, Mnuchin says
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: Governor: California’s new deficit will take years to repair
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 ‘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…
