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With the House Natural Resources Committee planning to release a new Puerto Rico bill on Wednesday and vote on it a week later, Treasury Secretary Jack Lew traveled to the commonwealth to hold meetings to drum up support for a legislative solution.
May 9 -
East Cleveland, Ohio says it is insolvent and bankruptcy is its best option to preserve essential public services in the city of 18,000, which has no bond debt.
May 6 -
A Chicago-based investment advisor faces jail time after pocketing more than $4 million from the sale of phony Chicago-backed securities that she described as "Chicago Anticipatory Notes."
May 6 -
Florida-based GrayRobinson PA has teamed up with Capitol Insight, an influential lobbying group that will complement its government relations and lobbying practice, the firm said Wednesday.
May 6 -
New Jersey Gov. Chris Christie said he would rather Atlantic City file for bankruptcy than send more money to the gambling hub, and will let the city file if lawmakers dont approve the rescue bill he supports.
May 6 -
Municipal industry experts on Thursday urged analysts to continue focusing on how the presence of statutory liens can change the treatment of debt in bankruptcy proceedings and ratings analyses.
May 6 -
Two rating agencies flagged North Carolinas implementation of House Bill 2 in upcoming bond offerings amid a national controversy over the law seen by some as discriminatory towards the LGBT community.
May 5 -
Donald Trump, the Republican presidential nominee, said Puerto Rico has to cut its debt way down in order to survive.
May 5 -
New Jersey Senate President Steve Sweeney, D-Gloucester, said Wednesday state intervention is the only solution to solve Atlantic Citys fiscal crisis as a result of the citys failure to confront its financial mismanagement.
May 4 -
Puerto Rico has declared a moratorium on payments on an additional Puerto Rico Infrastructure Finance Authority bond issue.
May 4