Stocks were down badly on Monday as U.S. daily coronavirus cases hit record highs and investors dealt with the likelihood that stimulus negotiations will not produce a bipartisan relief deal before Election Day. The Dow Jones Industrial Average closed with a loss of just more than 650 points after losing more than 900 points earlier in the day.

This report provides a five-step roadmap towards a more inclusive, dynamic, and productive small-business sector. The authors break down the five steps into ten major policy recommendations with detailed policy proposals. The report was authored by the Drexel University Nowak Metro Finance Lab and the Yale Institution for Social and Policy Studies.

The Senate on Wednesday failed to pass a $500 billion COVID-19 stimulus package as relief negotiations drag on less than two weeks before Election Day. The bill would have given a federal boost to weekly unemployment benefits, sent $100 billion to schools, and allocated funding for testing and vaccine development.

Municipal market conditions at the end of this calendar year will determine whether the Federal Reserve and Treasury decide to continue to operate the Fed's Municipal Liquidity Facility beyond Dec. 31. That was the message delivered by Kent Hiteshew, deputy associate director of the Fed's Division of Financial Stability.

Despite a deep partisan divide, two worries appear to be top-of-mind for voters across the political spectrum — large-scale unemployment and the COVID-19 pandemic. The two problems are intertwined, of course, since the coronavirus crisis has plunged the U.S. economy into a major recession.

County leaders have witnessed firsthand the impacts of the COVID-19 pandemic on their neighbors and constituents and are well-informed on needs arising in their local communities. This report outlines what county leaders have identified as primary concerns, priority actions, and resources needed to create equitable long-term economic recovery.

Chicago's fix for a $1.2 billion 2021 budget shortfall and remaining 2020 COVID-19 pandemic tax wounds count on $948 million of relief through a $1.7 billion refinancing and restructuring of general obligation and Sales Tax Securitization Corporation debt.

The U.S. Department of Agriculture (USDA) announced it has authorized $500 million for a fourth round of purchases for the USDA Farmers to Families Food Box Program. USDA is issuing solicitations for the fourth round to existing Basic Ordering Agreement (BOA) holders and expects to award contracts by Oct. 30 for deliveries of food boxes from Nov. 1 through Dec. 31, 2020.

Reframe, Build, Plan: Restoring America's Local Food Systems
Thursday, October 29, 2020 - 1:00 PM Eastern

CDFA // BNY Mellon Development Finance Webcast Series: Financing Resilient Infrastructure
Tuesday, November 17, 2020 - 1:00 PM Eastern