General World News

This map shows how state finances held up better than expected during the pandemic — some much better

nyc subway

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As the coronavirus pandemic pummeled the economy starting in spring 2020, states and cities seemed increasingly vulnerable. Would they be forgotten in stimulus relief efforts? Was New York City truly dead?

But the recently enacted $1.9 trillion American Rescue Plan might provide a strong start for state and local governments, which also weren’t pummeled as hard as some feared.

In fact, a new Bank of America note anticipates “the municipal market should see a new golden decade of strong growth and strengthening credit quality.” They see a new credit cycle coming for the new details ⇒

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