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The Supreme Court on Monday issued an opinion affirming that a local Puerto Rico debt restructuring law is unconstitutional, leaving congressional action on a House bill as the most viable option left for the struggling commonwealth to deal with its debt crisis.
June 13 -
The full Senate is expected to take up the Puerto Rico bill passed by the House and vote on it before the end of the month or in early July.
June 10 -
Atlantic City's junk-rated Municipal Utilities Authority could play a key role in deciding the distressed city's financial fate.
June 10 -
A House bill designed to help Puerto Rico will now move to the Senate after House members passed the bill 297 to 127 during a session that stretched into early Thursday evening.
June 9 -
In a decision on Thursday the U.S. Supreme Court ruled that Puerto Rico enjoys most types of sovereignty but not a type relevant to the criminal case at hand.
June 9 -
Michigan lawmakers finalized a controversial Detroit Public Schools restructuring package that is supposed to rescue the struggling system from insolvency.
June 9 -
The New Jersey Supreme Court upheld Gov. Chris Christies 2011 suspension of cost of living adjustments for retirees pension benefits in a ruling that keeps the state's pension funding position from getting even worse.
June 9 -
The full House is expected to vote today on a bill designed to help Puerto Rico after the House Rules Committee set the table for the bill's consideration during a lengthy hearing that stretched into Wednesday night.
June 9 -
Nassau Regional Off-Track Betting Corp. is selling its Farmingdale, N.Y. branch to pay debt service for revenue anticipation notes it defaulted on in March.
June 8 -
Puerto Rico chief financial officer Melba Acosta Febo said Puerto Rico may pay some, but probably not all, of the commonwealths general obligation bond debt due July 1.
June 7