Author: Geoff Weitzel
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Municipal Bond Credit Report: Fed expects muni lending program up in few weeks, while issuers forge ahead
Categories: Municipal Bond Credit ReportMunicipal 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 price deals to a mostly receptive muni market… Link to Story
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Municipal Bond Credit Report: Bond-financed Florida student housing complex files for bankruptcy
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The operator of a student housing complex built for University of Florida students fell into bankruptcy, the latest municipal-bond financed project in fiscal crisis amid the coronavirus fallout… Link to Story
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Municipal Bond Credit Report: Jobless claims move lower for sixth consecutive week
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Initial jobless claims fell to a seasonally adjusted 2.981 million in the week ended May 9, from the previous week’s upwardly revised level of 3.176 million, originally reported as 3.169 million, the Labor Department said Thursday… Link to Story
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Municipal Bond Credit Report: New Jersey details financial strains from coronavirus
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: New Jersey may be facing a more than $10 billion shortfall through the end of next fiscal year from the economic shockwave of the COVID-19 pandemic, according to State Treasurer Elizabeth Maher Muoio… Link to Story
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Municipal Bond Credit Report: Economic Shock of Virus Hit Lower-Income Households Harder, Fed Finds
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The economic shock stemming from the coronavirus pandemic hit lower-income households first and immediately left them much worse off, according to a new survey from the Federal Reserve… Link to Story
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Municipal Bond Credit Report: Nearly 3 Million Sought Jobless Benefits Last Week
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Nearly 3 million workers applied for unemployment benefits last week, bringing the total number of applications in two months of coronavirus-related disruptions to 36.5 million… Link to Story
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Municipal Bond Credit Report: States Were Prudent; Here’s Why They Need a Bailout Anyway
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The debate over the next federal stimulus package is taking on the trappings of a morality play, pitting Democrats who want $1 trillion in aid for cash-strapped states against Republicans, including President Trump, who say that’s a bailout for fiscal mismanagement… Link to Story
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Municipal Bond Credit Report: Survey – Coronavirus to Cause 17% Unemployment in June
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: U.S. unemployment is expected to hit 17% in June as the economy contracts due to efforts to contain the coronavirus pandemic, economists predicted, and the economy is expected to start rebounding in the second half of the year… Link to Story
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Municipal Bond Credit Report: Las Vegas takes ratings hit as coronavirus keeps tourists away
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Citing its dependence on tourism, Fitch Ratings downgraded Las Vegas AA-minus from AA Monday and revised its rating outlook to negative… Link to Story
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Municipal Bond Credit Report: New Jersey City University dropped to near junk status by Fitch ahead of sale
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Declining state support and COVID-19-related funding pressures triggered a second downgrade to New Jersey City University in advance of a $52 million borrowing… Link to Story