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April 14, 2021

Municipal Debt

Stellantis pickups hit, Ford cuts production due to global semiconductor shortage

Reuters
FILE PHOTO: Ford logo is pictured at the 2019 Frankfurt Motor Show (IAA) in Frankfurt, Germany. REUTERS/Wolfgang Rattay DETROIT (Reuters) – The impact of the global semiconductor shortage on the auto industry spread on Saturday, as Stellantis said it will partly assemble and later finish its highly profitable Ram pickup......

Yellen says Treasury to get aid to cities, states in ‘quickest way possible’

Reuters
FILE PHOTO: U.S. Treasury Secretary Janet Yellen, the former Federal Reserve chair, holds a news conference after a two-day Federal Open Market Committee (FOMC) meeting in Washington, U.S. December 13, 2017. REUTERS/Jonathan Ernst WASHINGTON (Reuters) – The U.S. Treasury will work to quickly distribute $350 billion in aid to state......

Second Texas utility commissioner exits amid power outage fallout

Reuters
FILE PHOTO: A neighborhood experiences a power outage after winter weather caused electricity blackouts in San Marcos, Texas, U.S. February 16, 2021. REUTERS/Mikala Compton/File Photo HOUSTON (Reuters) – A second commissioner of the Texas utilities regulator resigned on Monday, in continued fallout from a weather-driven crisis in the state’s power......

‘A side of shares’: Deliveroo to offer 50 million pounds of stock to customers

Reuters
LONDON, March 7 (Reuters) – Deliveroo said shares worth 50 million pounds ($69 million) would be earmarked for customers in its upcoming flotation, with the offer branded “Great food with a side of shares”. The Amazon-backed food delivery firm announced plans on Thursday to list in London, with a potential......

Biden’s aid bill wildly popular with Americans — except Republicans in Congress

Reuters
WASHINGTON (Reuters) – The White House is losing hope that congressional Republicans will back U.S. President Joe Biden’s $1.9 trillion coronavirus aid bill despite a campaign-style push that has won support from business leaders, local government officials, unions and voters. U.S. President Joe Biden displays his face mask as he......

Top executives of Texas electric grid resign after storm failure

Reuters
HOUSTON (Reuters) – Top directors of Texas’s electric grid operator, who faced sharp criticism from a massive failure of the state power system that left millions last week without light, heat, and water, resigned on Tuesday. FILE PHOTO: An electrical substation is seen after winter weather caused electricity blackouts in......

Biden approves major disaster declaration for Texas: FEMA

Reuters
WASHINGTON (Reuters) – President Joe Biden has approved a major disaster declaration for Texas which has suffered widespread power blackouts and water shortages during a deadly deep freeze, the Federal Emergency Management Agency said on Saturday. Millions of residents in the United States’ biggest oil and gas producer have dealt......

Miami mayor sees bitcoin move as way to attract tech

Reuters
FILE PHOTO: A representation of virtual currency Bitcoin is seen in front of a stock graph in this illustration taken January 8, 2021. REUTERS/Dado Ruvic/File Photo (Reuters) – The city of Miami is seeking to embrace bitcoin in its operations, a move that could bring dividends in terms of attracting......

U.S. consumer sentiment ebbs in February despite additional stimulus hopes

Reuters
WASHINGTON (Reuters) – U.S. consumer sentiment unexpectedly fell in early February amid growing pessimism about the economy among households with annual incomes below $75,000, even as the government is poised to deliver another round of COVID-19 relief money. The University of Michigan said on Friday its consumer sentiment index slipped......

Pelosi aims to finish COVID-19 relief by month’s end

Reuters
FILE PHOTO: U.S. House Speaker Nancy Pelosi (D-CA) walks through Statuary Hall following votes in the U.S. House of Representives on Capitol Hill in Washington, U.S., February 4, 2021. REUTERS/Carlos Barria WASHINGTON (Reuters) – U.S. House of Representatives Speaker Nancy Pelosi said on Thursday that she expects lawmakers to complete......

New York governor backs online sports betting after pandemic battered economy

Reuters
FILE PHOTO: New York Governor Andrew Cuomo speaks during a news conference at LaGuardia Airport’s new Terminal B, during the outbreak of the coronavirus disease (COVID-19) in New York City, New York, U.S., June 10, 2020. REUTERS/Brendan McDermid/File Photo NEW YORK (Reuters) – New York Governor Andrew Cuomo, facing an......

U.S. cities, left behind in COVID-19 aid, look for lifeline in Biden era

Reuters
By Richard Cowan, Trevor Hunnicutt WASHINGTON/REHOBOTH BEACH, Del. (Reuters) – In Washington’s months-long political slugfest over who should get aid to counter the financial damage from the COVID-19 pandemic, there was at least one clear loser: local government. FILE PHOTO: Men with protective face masks walk past the Salvation Army......

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