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Puerto Rico Electric Power Authority bonds were slashed to D Thursday by Fitch Ratings in the wake of the utility’s bankruptcy filing.
By Andrew Coen-July 6 -
Maine Gov. Paul LePage signed a new budget early Tuesday, ending the state’s first government shutdown in 25 years.
By Andrew Coen-July 5 -
Assured Guaranty lashed out Wednesday at a federal oversight board decision allowing the Puerto Rico Electric Power Authority to proceed with Title III bankruptcy filing.
By Andrew Coen-July 5 -
New Jersey lawmakers forged a budget deal in the early hours of the Fourth of July that paved the way for a new law boosting the state’s underfunded pension system with lottery revenues.
By Andrew Coen-July 5 -
PREPA officials said they don't expect the filing to affect owed payments or electric supply.
By Andrew Coen-July 3 -
New Jersey government is in shutdown mode for the first time in 11 years after Gov. Chris Christie and state lawmakers failed to reach agreements on a new budget before the close of the 2017 fiscal year Friday night.
By Andrew Coen-July 3 -
New Jersey Gov. Chris Christie is preparing for a government shutdown amid a budget impasse with lawmakers.
By Andrew Coen-June 30 -
Maine lawmakers are trying to approve a new two-year state budget before the fiscal year begins.
By Andrew Coen-June 28 -
New Jersey lawmakers advanced Gov. Chris Christie’s proposed transfer of lottery revenues to boost state pensions.
By Andrew Coen-June 27 -
New York municipalities may see a lapse in tax collections absent new legislation, according to Fitch Ratings.
By Andrew Coen-June 26