Mar 16, 2020

What the Fed is up to

Federal Reserve Chair Jerome H. Powell announces a half percentage point interest rate cut during a speech on March 3, 2020 in Washington. Mark Makela/Getty Images

Markets are falling again this morning, even with a big move to boost the U.S. economy in the face of COVID-19. What do municipalities' rainy day funds look like right now? Severe drops in public transit ridership.

Segments From this episode

COVID-19

With COVID-19 slowing local economies, cities and towns may need to tap rainy day funds

by Marielle Segarra

Mar 16, 2020

Municipalities may find their tax revenues declining.

Mario Tama/Getty Images

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COVID-19

COVID-19 could stress mass transit budgets

by Justin Ho

Mar 16, 2020

The San Francisco Bay Area’s transit system says it’s losing $500,000 a day in lost fares.

Ridership is down during the coronavirus.

Johannes Eisele/AFP via Getty Images

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Music from the episode

Overtime Nipsey Hussle

The team

David Brancaccio Host

Victoria Craig Host, BBC

Stephen Ryan Senior Producer, BBC

Jonathan Frewin Producer, BBC

Daniel Shin Producer

Jay Siebold Technical Director

Brian Allison Engineer

Meredith Garretson Morbey Senior Producer

Erika Soderstrom Producer

Rose Conlon Producer

Alex Schroeder Producer

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