Municipal Bond Credit Report: Massive layoffs and pay cuts are likely coming to state and local governments as federal aid goes elsewhere
Municipal Bond Credit Report: State and local governments are warning of a wave of layoffs and pay cuts after getting left out of the federal coronavirus relief package expected to…
Municipal Bond Credit Report: McConnell Says He Favors Allowing States to Declare Bankruptcy
Municipal Bond Credit Report: Senate Majority Leader Mitch McConnell said Wednesday he favors allowing states struggling with high public employee pension costs amid the burdens of the pandemic response to…
Municipal Bond Credit Report: Something Impossible Just Happened: A CLO Just Failed Its AAA Overcollateralization Test
Municipal Bond Credit Report: Over the weekend, we reported that in its quest to bailout the richest Americans and the country’s financial system, the Fed unleashed an unprecedented array of…
Municipal Bond Credit Report: Federal funds will help Chicago-area transit fight coronavirus toll
Municipal Bond Credit Report: The Illinois Regional Transportation Authority plans to raise its short-term borrowing to help manage liquidity as the agency awaits federal help that should offset an expected…
Municipal Bond Credit Report: New Jersey governor willing to accept Fed’s offer to buy municipal debt
Municipal Bond Credit Report: New Jersey Gov. Phil Murphy wants to take advantage of the Fed’s new powers to purchase municipal debt… Link to Story
Municipal Bond Credit Report: Michigan, Pennsylvania, Wisconsin warn of $14 billion coronavirus hit
Municipal Bond Credit Report: The governors of Michigan, Pennsylvania, and Wisconsin warned of $14 billion in collective tax losses due to the COVID-19 economic shutdown in a letter Thursday pressing…
Municipal Bond Credit Report: Coronavirus threatens Detroit’s independence from state oversight
Municipal Bond Credit Report: With its independence from state oversight at stake, Detroit Mayor Mike Duggan is proposing to manage a $348 million COVID-19-driven revenue hit by dipping into reserves…
Municipal Bond Credit Report: The US economy has erased nearly all the job gains since the financial crisis
Municipal Bond Credit Report: It took only four weeks for the U.S. economy to wipe out nearly all the job gains in the last 11 years… Link to Story
Municipal Bond Credit Report: U.S. weekly jobless claims highlight economic carnage from coronavirus
Municipal Bond Credit Report: A record 22 million Americans have sought unemployment benefits over the past month, with millions more filing claims last week, underscoring the deepening economic slump caused…
Municipal Bond Credit Report: Banks brace for big loan defaults by US, global customers
Municipal Bond Credit Report: The major banks in the U.S. are anticipating a flood of loan defaults as households and business customers take a big financial hit from the coronavirus…
