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Atlantic City would avoid an immediate default and get more time to avert a state takeover under compromise legislation moving forward in the New Jersey legislature.
May 24 -
Chicago would raise its contributions to its laborers pension fund by at least 30% annually under a new plan to stabilize the fund and steer it away from its path to insolvency.
May 24 -
Hedge funds holding more than $750 million of the debt of Puerto Ricos Government Development Bank revived a lawsuit, accusing the government of changing the rules of the game by amending its debt payment moratorium law.
May 23 -
The credit crisis in Puerto Rico may give Congress an opportunity to pass legislation that would allow direct regulation of state and local issuers, municipal market participants said Saturday.
May 22 -
Fitch Ratings upgraded Jefferson County, Ala.s general obligation and issuer default ratings to A from BBB, saying that the county has put finances on a strong footing.
May 20 -
The House Natural Resources Committee will meet to vote on the recently revised Puerto Rico bill starting on Tuesday and continuing the following day.
May 20 -
House members, government officials, and stakeholders all say the newest version of a bill to help Puerto Rico is a step forward, but their support for the measure seems tepid at best.
May 19 - Kentucky
Circuit Court Judge Thomas Wingate ruled that Kentucky Gov. Matt Bevin acted properly when he ordered higher education budget cuts.
May 19 -
The Town of Ramapo, N.Y. took a two-notch downgrade Wednesday from Moodys Investors Service, which cut it to A3 citing increased risk from federal charges that have resulted in a near-term management disruption.
May 18 -
The Kentucky Bond Corp. will use its highly rated pool bond program to help Hillview fund a legal settlement negotiated after the city filed for bankruptcy.
May 18