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Illinois to sell debt in first deal with Fed's muni liquidity facility

Illinois announced on Tuesday an agreement to tap a new Federal Reserve borrowing program, marking the first state or local government to access funding to address revenue shortfalls due to the economic fallout from the coronavirus outbreak. [Source]

Publication Date:

Origin: reuters.com

Category: domesticNews

Topics: first, Illinois, outbreak, coronavirus, fallout, economic, shortfalls, revenue, address, funding, access, government, local, state, marking, program, borrowing, Reserve, Federal, agreement, announced, facility, liquidity, Fed's

Source: http://feeds.reuters.com/~r/Reuters/domesticNews/~3/Un1mLKWp4RA/illinois-to-sell-debt-in-first-deal-with-feds-muni-liquidity-facility-idUSKBN239328