Bond insurer MBIA Inc. announced that the New York State Department of Financial Services denied a request by MBIA Insurance Corp. to make its interest payment scheduled for Tuesday.
Regulator Denies MBIA Payment on Surplus Notes
JAN 15, 2013 4:04pm ET
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Land isn't the only thing drying up in California, as the drought's economic impacts are dangerously closing in on the state's financial resources.
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