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Federal Reserve backstops muni bond market as coronavirus hammers cash-strapped states and cities

johnNjohnN
edited March 2020 in Other Investing
https://m.stamfordadvocate.com/business/article/Federal-Reserve-backstops-muni-bond-market-as-15145736.php

/Federal Reserve backstops muni bond market as coronavirus hammers cash-strapped states and cities

The Federal Reserve capped off an unprecedented week of action Friday by extending a lifeline to cash-strapped state and local governments that are about to borrow large sums as they deal with skyrocketing costs from coronavirus safety measures./



Situations appear getting worse now. Feds and govt may not have nothing left/no where to hide next few wks after running out money
Any chance usa would bankrupt in few months?
Armageddon coming?
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