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April 14, 2021

Municipal Debt

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

Reuters
by Reuters01
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......
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Yellen says Treasury to get aid to cities, states in ‘quickest way possible’

Reuters
by Reuters01
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......
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Second Texas utility commissioner exits amid power outage fallout

Reuters
by Reuters01
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......
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‘A side of shares’: Deliveroo to offer 50 million pounds of stock to customers

Reuters
by Reuters01
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......
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Biden’s aid bill wildly popular with Americans — except Republicans in Congress

Reuters
by Reuters01
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......
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Top executives of Texas electric grid resign after storm failure

Reuters
by Reuters01
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......
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Biden approves major disaster declaration for Texas: FEMA

Reuters
by Reuters01
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......
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Miami mayor sees bitcoin move as way to attract tech

Reuters
by Reuters01
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......
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U.S. consumer sentiment ebbs in February despite additional stimulus hopes

Reuters
by Reuters01
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......
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Pelosi aims to finish COVID-19 relief by month’s end

Reuters
by Reuters01
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......
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New York governor backs online sports betting after pandemic battered economy

Reuters
by Reuters01
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......
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U.S. cities, left behind in COVID-19 aid, look for lifeline in Biden era

Reuters
by Reuters01
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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