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  • Demonstrators, protesting the state of Illinois budget stalemate, rally in the Loop before marching to the Chicago Board of Trade Building where they bolcked all of the entrances to the building on November 2, 2015 in Chicago, Illinois.

    Moody's Investors Service cut Illinois' credit rating by one notch to Baa2 with a negative outlook on Wednesday, citing a political stalemate.

  • LONDON, June 6- Weak jobs data that has dashed expectations for an imminent rise in U.S. interest rates and growing concerns over whether Britain will stay in the European Union pinned German 10- year bond yields near record lows on Monday. The 5- Star Movement looked set to take charge of Rome following municipal elections on Sunday that saw it make gains in other...

  • SAN FRANCISCO, June 3- A whopping $12 billion of new sales of U.S. municipal bonds will come to market next week, a high for the year to date, highlighted by two offers of more than $1 billion in general obligation bonds from Maryland and Georgia. Jeffrey Lipton, head of municipal research and strategy at Oppenheimer and Co Inc, said the Fed would likely delay any...

  • A Boston public school student holds a sign while protesting proposed school budget cuts in Boston on March 7, 2016.

    It's hard to imagine a state in worse financial shape than Illinois, but three others face an even bigger fiscal mess.

  • NEW YORK, May 26- For more than eight months, investors have poured money into the riskiest U.S. municipal bonds, boosting prices as they dive into anything that can give them fatter yields in a global low-rate environment. They are waving red flags about its most notorious borrower, Puerto Rico, but also its best-performing sector, tobacco, and other potentially...

  • NEW YORK, May 24- The premium Connecticut pays to borrow in the municipal bond market rose during the state's debt sale on Tuesday, as investors demanded higher yields following two ratings downgrades. "Connecticut is a bit of a difficult state," Brian McGreevy, a portfolio manager at Columbia Threadneedle Investments, said in a phone interview.

  • Venezuela in freefall

    Discussing Venezuela's economy and debt with Hans Humes, Greylock Capital Founder & CEO, and Daniel Phillips, Director of Political and Macroeconomic Research at Callaway Capital.

  • SAN JUAN, May 18- Puerto Rico's governor on Wednesday declared a state of emergency at the U.S. territory's highway authority, an effort to keep the agency functioning by directing revenues toward operational costs rather than debt payments. The order from Governor Alejandro Garcia Padilla does not declare a moratorium on debt payments at the Puerto Rico...

  • Greek minister: We have achieved more than expectations

    Nikos Pappas, Greek Minister, discusses Greece's upcoming debt deadline with the ECB and what his political party believes can happen in the country.

  • "There appears to be copious amounts of cash around" and "spreads are compressing as investors reach for yield," said Greg Saulnier, a Municipal Market Data analyst. The week ended May 11 was the biggest in inflows so far this year, with $1.2 billion. "This streak is quite amazing given the low levels of municipal rates and ratios, but the risk-adjusted yields on munis...

  • The Ben Sawyer bridge, Sept. 27, 1989, in South Carolina.

    America is falling apart. And the repair bill is getting bigger — some $3.3 trillion over the next decade.

  • Tourists take a break after visiting the El Morro fort, where part of Old San Juan, Puerto Rico, is visible.

    Congress may finally be coming to Puerto Rico's rescue, but the measure may be too little, too late.

  • LOS ANGELES, May 6- San Francisco Public Utilities Commission next week will issue $240 million in wastewater revenue "green" bonds, the first infrastructure municipal bonds to meet specific criteria under a new environmental standard for water projects. The commission is planning a competitive sale of $308 million of revenue bonds, of which $240 million...

  • NEW YORK, May 6- Junk-rated Atlantic City is drowning in financial uncertainty, but some investors in the cash-strapped New Jersey gambling hub are betting on one possible outcome above all others: a state bailout. On Thursday, Governor Chris Christie said lawmakers needed to immediately squash their differences and pass a takeover and aid package because...

  • Though 34 states had declining debt levels, two had double-digit increases: Kansas and South Dakota, at 40 percent and 20 percent, respectively. States with the largest year-over-year debt level declines were Nebraska and North Dakota, each with a 15 percent drop, and Utah, which saw its debt decrease 12 percent. States with the highest per capita debt levels were...

  • A Heckmann Water Resources treatment plant that separates oil, sediment and water mixed during the hydraulic fracturing process, near Shreveport, Louisiana.

    Louisiana's finances were already in doubt when oil prices came crashing down, and now energy layoffs are denting income and tax revenue.

  • Treasury Secretary Jack Lew on Tuesday said Puerto Rico's financial crisis risks turning the commonwealth into a chaotic mess unless the U.S. Congress can enact a plan to restructure its debt. "The challenge is for Congress to act fast enough so that the unfolding crisis in Puerto Rico doesn't cascade out of control," Lew said during an on-stage interview at the...

  • ATLANTIC CITY, N.J., May 2- Atlantic City, New Jersey's cash-strapped gambling hub, avoided a default on Monday by making its $1.8 million debt service payment, Mayor Don Guardian said. "If we didn't make our bond payment it would be detrimental, including us," Mayor Don Guardian said at a press conference. Tax-exempt serial maturities from 2023 through 2032 are...

  • People walk on the boardwalk in Atlantic City, N.J., Nov. 8, 2014.

    Atlantic City decided to make its $1.8 million bond payment Monday to avoid default, Mayor Don Guardian says.

  • A Puerto Rican flag flies from a building in San Juan, Puerto Rico.

    Puerto Rico is at risk of registering its largest default to date, as $470 million in debt obligations are due on Monday.