Special Briefing: COVID-19, State and Local Fiscal Stress, and the Politics of Federal Aid

Penn IUR and the Volcker Alliance will host an online briefing to discuss the politics, probability, and possible shape of additional federal emergency aid to states and municipalities following passage of the CARES Act. Panelists will also examine the likelihood of state and local fiscal distress, and how it may be addressed, especially if Congress should delay or reject further funding.

Moderated by William Glasgall, Senior Vice President and Director of State and Local Initiatives, Volcker Alliance, and Penn IUR Co-Director Susan Wachter, this briefing will be the tenth in a series of 60-minute online conversations featuring experts from the Volcker Alliance’s national research network and Penn IUR, along with other leading academics, economists, and fiscal policy leaders from around the U.S.

This special briefing will feature Norman J. Ornstein, Resident Scholar, American Enterprise Institute; Robin Prunty, Managing Director and Head of Analytics and Research, S&P Global Ratings—U.S. Public Finance; Richard A. Ravitch, former New York State Lieutenant Governor; and Frank H. Shafroth, Director, Center for State and Local Government Leadership, Schar School of Policy and Government, George Mason University.