Muni Lowdown: Chicago’s conundrum

The City of Chicago faces a USD 1.5bn gap through FY21 and is pinning its hopes on the federal government to plug the shortfall, top finance officials said. Debtwire Municipals Caitlin Devitt discusses the city's precarious situation. JEA filed a lawsuit against former CEO Aaron Zahn alleging he made false and misleading statements that marred the utility in a public scandal, according to court documents. Debtwire's Patrick Ferguson gives us the latest on the ongoing saga. Yong Lim, the Debtwire Municipals desk editor, is the moderator of the podcast. The Muni Lowdown is a weekly podcast recapping the previous week's significant news developments in the municipal bond market. For comments or questions contact [email protected]