June 3, 2020 / 5:17 PM / 2 months ago

Fed expands municipal liquidity program to include transit, airports, utilities

WASHINGTON, June 3 (Reuters) - The U.S. Federal Reserve said on Wednesday it will allow transit agencies, airports and utilities among others to borrow under its municipal liquidity program.

The facility was formerly only available to states. (Reporting by Lindsay Dunsmuir Editing by Chris Reese)

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