iOS app Android app

Municipal Debt Crisis

Report: S&P, Moody's Inaccurately Reporting Critical Stat

The Huffington Post | Bonnie Kavoussi | Posted 08.17.2012 | Business

After bank analyst Meredith Whitney prophesied a wave of defaults by U.S. cities two years ago, many investors mocked her when her prediction failed t...

Third California City To File For Bankruptcy

Reuters | Posted 09.09.2012 | Business

* Government owes NNPC for helicopter, maritime security * Borrowing raises doubts over NNPC's future independence * Ear...

Weak Local Governments May Want To Think Twice Before Filing For Bankruptcy

Reuters | Posted 08.28.2012 | Business

(Repeats analysis story initially published late on Wednesday) * Stockton, California, bankruptcy filing expected by Friday ...

The Great Unraveling: Yonkers, Stockton and Municipal Bankruptcy

Richard Brodsky | Posted 05.07.2012 | Business
Richard Brodsky

The great national battle about the size of government and the level of taxation will be played out in the streets of small cities across America

County Gets Go-Ahead To Proceed With Huge Bankruptcy

Reuters | Posted 05.05.2012 | Business

March 5 (Reuters) - Alabama's Jefferson County is fully eligible for Chapter 9 bankruptcy protection and can proceed with its $4.23 billion filing, ...

William Alden

Harrisburg's 'Bad Deal': City Forced To Pursue Parking Privatization | William Alden | Posted 08.15.2011 | Business

NEW YORK -- The finances of Harrisburg, Pa., are so desperate that local officials are considering a deal they fear will ultimately make the city more...

William Alden

'NO MORE DEBT': Municipal Bond Issuance Down By Half This Year | William Alden | Posted 08.03.2011 | Business

NEW YORK -- As cities and states struggle with historic budget shortfalls, governments have put one item squarely in the cross-hairs: their debt. R...

William Alden

Municipal M&A: Budget Woes May Force Cities To Combine | William Alden | Posted 06.22.2011 | Business

As cities grapple with continuing declines in revenue, some are considering merging with other strapped localities or sharing services in a bid to cut...

States Begin To Cut Aid For Cities As Budget Woes Mount | MICHAEL COOPER | Posted 05.25.2011 | Business

The cuts are widespread. Ohio plans to slash aid to Columbus, Cleveland, Cincinnati and other cities and local governments by more than a half-billion...