-
New Jersey's apparent willingness to let Atlantic City default may hurt the credit of other municipalities because it calls into question the state's future willingness to support distressed local governments, according to Moody's Investors Service.
April 6 -
With Atlantic City inching closer to insolvency, the gambling hub took another hit Tuesday with a judge ruling that the Borgata Casino Hotel & Spa can seek refunds for its 2011 through 2014 property tax bills.
April 5 -
Wayne County, Mich. closed out fiscal 2015 with a $5.7 million surplus, reversing a prior trend of deficits that led to state oversight, according to its audited financial reports.
April 5 -
Most municipal bond analysts believe Chapter 9 bankruptcy is taboo for municipalities and should be avoided, according to an analyst survey by PNC Capital Markets LLC.
April 5 -
A federal judge approved a $20 billion settlement with BP to resolve litigation brought by five Gulf coast states over the BP Deepwater Horizon oil spill.
April 5 -
The time may be ripe to rethink Michigans emergency management law after the Flint and Detroit Public Schools crises exposed flaws that critics say highlight how the law can fail citizens and ultimately hurt the states credit.
April 5 -
New Jersey has filed a lawsuit against Atlantic City seeking to recover more than $30 million the municipality owes its school district, Gov. Chris Christie announced Monday.
April 4 -
Kroll Bond Rating Agency downgraded Chicagos general obligation bond rating one notch to BBB-plus in response to the Illinois Supreme Courts decision tossing its 2014 overhaul of two of its four pension funds.
April 4 -
San Bernardinos bankruptcy settlement agreement with pension bondholders is a credit negative, according to Moodys Investors Service.
April 4 -
A group of investors sued the Government Development Bank for Puerto Rico Monday to protect their interests after the governor said the bank can't make its $423 million debt payment due May 1.
April 4