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Need for Enhanced Cybersecurity in Public Finance — Cyberthieves Steal Bond Proceeds

Recent events highlight the need for enhanced cybersecurity protocols in government offices across the U.S. In late November 2024, the Township of White Lake in Michigan, intended to issue approximately $29 million in general...more

Relief for State and Local Governments Impacted by COVID-19‎

On March 11, 2021, President Biden signed into law the $1.9 trillion COVID-19 relief package, the American Rescue Plan Act of 2021, Pub. L. No. 117-2 (the “ARPA”). ARPA includes $350 billion in aid for ‎state and local...more

Help for State and Local Governments: New Municipal Liquidity Facility Established to Buy Short-Term Debt

On April 9, 2020, the Federal Reserve took additional actions to provide up to $2.3 trillion of loans to support the economy. Among the actions taken, the Fed announced the creation of a new Municipal Liquidity Facility (the...more

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