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A year after North Carolina inked its first public-private partnership with I-77 Mobility Partners, lawmakers have filed bills to terminate the $648 million pact amid investigations into the deal.
May 4 -
U.S. Treasury Secretary Jack Lew said concern for the people of Puerto Rico is the primary reason he wants lawmakers to adopt restructuring legislation for the commonwealth.
May 4 -
Debate began Tuesday in the Michigan House on a $715 million restructuring of Detroit Public Schools amid mounting growing pressure to act as the districts fiscal crisis prompted a two-day district-wide sickout.
May 3 -
Treasury Department secretary Jack Lew on Monday sent a letter to congressional leaders warning them that further inaction on a bill to help Puerto Rico pending in the House could lead to a taxpayer-funded bailout.
May 2 -
The Cook County Clerks office has reversed course and signed off on the validity of Harvey, Ill.s property tax levy request, raising hopes that the city will make good on bond payments.
May 2 -
Atlantic City, N.J., averted default Monday by making a $1.8 million debt service payment, but its far from certain the struggling city can make other such payments this year.
May 2 -
Puerto Rico imposed a moratorium on Government Development Bank principal payments Monday while also announcing two restructuring deals on the GDB debt.
May 2 -
Some investors in Harvey, Illinois debt report being stiffed on a bond payment, though the city has not made any disclosures through the EMMA system.
April 29 -
As Puerto Rico faces bond defaults on Monday and July 1 without legislative relief from Congress, analysts say new litigation is increasingly likely.
April 29 -
The future of pension obligation bonds remains cloudy in California in the wake of the haircuts imposed on their holders in the San Bernardino and Stockton bankruptcies.
April 28