-
Puerto Rico will need help from Washington to maintain future market access and avoid a descent into "third-world" economic conditions, municipal bond fund managers said.
May 13 -
The House Natural Resources Committee on Wednesday postponed its scheduled release of a new bill to help Puerto Rico for what members hope will be only one day as discussions about acceptable revisions continued.
May 11 -
Michigans state treasurer has sided with the state Senate over the state House after the two houses developed different legislation to restructure Detroit Public Schools.
May 11 -
Miamis dramatically improving and diverse economy was a driving force that led Moody's Investors Service to upgrade the citys general obligation bonds to Aa3 from A1, despite pending SEC and pension suits.
May 11 -
The Securities and Exchange Commission is using Peter Cannava, a banker involved in an ill-fated private placement for a startup video game company, as a scapegoat and has no basis for charging him with defrauding investors, his lawyers claimed this week.
May 11 -
Ambac Assurance Corp. sued the Puerto Rico Highways and Transportation Authority to prevent what the insurer called improper siphoning of money.
May 11 -
Ramapo, N.Y. was too highly rated by Moodys Investors Service and remains so after recent federal charges against town officials, according to a report from Gurtin Fixed Income Management.
May 10 -
Richland County, S.C., has set aside funds to pay off a $50 million bond anticipation note amid a probe into what state officials claim are improper expenditures of revenue of a local transportation sales tax.
May 10 -
Detroit Public Schools is moving perilously closer to a possible default or Chapter 9 filing, Moody's Investors Service said in a commentary.
May 9 -
The junk-rated Chicago Public Schools doesn't meet any of five state criteria to warrant further state intervention, the Illinois State Board of Education has found.
May 9