Tag: Municipal Bond Credit
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Municipal Bond Credit Report: Florida revenues down nearly $900 million as the impact of COVID-19 takes hold
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Florida officials finally got their first glimpse of the impact of COVID-19 on the state’s finances, and it’s not pretty… Link to Story
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Municipal Bond Credit Report: New York Starts Mapping Out the Road Back From Coronavirus—and It’s Long
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: New York City’s daily death toll from the coronavirus pandemic is receding. Its next chapter, staging an economic comeback, poses a whole new set of challenges… Link to Story
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Municipal Bond Credit Report: Pace Eases for Unemployment Claims, Benefits Distributions
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: U.S. workers filed 2.1 million jobless claims last week, extending a downward trend but remaining multiple times higher than before the coronavirus pandemic… Link to Story
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Municipal Bond Credit Report: U.S. Economy Contracted 5% in First Quarter, Slightly Steeper Than Initial Estimate
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The U.S. economy’s first-quarter contraction was slightly steeper than initially estimated, and a key measure of corporate profits weakened as coronavirus-related shutdowns began to come into effect… Link to Story
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Municipal Bond Credit Report: Another 2.1 million file jobless claims, but total unemployed shrinks
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: First-time claims for unemployment benefits totaled 2.1 million last week, the lowest total since the coronavirus crisis began though indicative that a historically high number of Americans remain separated from their jobs… Link to Story
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Municipal Bond Credit Report: New Jersey plans spending cuts, using reserves
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: New Jersey plans a combination of large-scale spending cuts and drawdowns of the state’s reserves to tackle a massive deficit caused by the COVID-19 pandemic… Link to Story
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Municipal Bond Credit Report: Pandemic highlights need for reserves
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: More than 1,000 members of the Government Finance Officers Association watched and listened to expert advice Tuesday on how to estimate highly uncertain events, like natural disasters, economic downturns and pandemics… Link to Story
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Municipal Bond Credit Report: Illinois passes budget that hinges on borrowing through Fed program
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Illinois lawmakers passed a $40 billion budget for fiscal 2021 that relies on up to $5 billion of borrowing through the Federal Reserve’s new short-term borrowing program… Link to Story
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Municipal Bond Credit Report: The Stock Market and Consumer Sentiment Are Telling Different Stories
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Stocks have rebounded dramatically off their March lows, while consumer sentiment is hovering near the lowest level in nearly a decade. The divergence is one of many realities investors are struggling to reconcile… Link to Story
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Municipal Bond Credit Report: As Coronavirus Lockdown Rules Ease, Some Want to Keep Working From Home
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: As states begin to lift the stay-at-home restrictions put in place to combat the coronavirus pandemic, some workers now say they are just fine working from home and would like to do so permanently… Link to Story