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...

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

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

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

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

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...

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

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

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...