Congressional Research Service Lists Possible Actions for Puerto Rico
U.S. lawmakers were presented with possible options that range from backstopping Puerto Rico's debt to authorizing Chapter 9 bankruptcy to installing a financial control board.
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Puerto Rico bondholders may get a clearer picture in the coming week of how they will fare under restructuring plans for $72 billion in debt.  more »
Vermont State Treasurer Beth Pearce has been honored by the National Association of State Auditors, Comptrollers and Treasurers (NASACT) for national leadership in state government transparency.  more »
New York City paid out $495 million in settlements and judgments in fiscal 2013 and a further $550.3 million in 2014, said city Comptroller Scott Stringer.  more »
New Hampshire's Carroll County is in the midst of a financial crisis with a $2 million deficit that needs to be plugged this year after revenues were overestimated  more »
A Rhode Island judge ordered the release of all documents in the state's lawsuit over the failure of 38 Studios, the video game owned by former Boston Red Sox pitcher Curt Schilling.  more »
The legal battles over funding for the distressed Chester Upland, Pa., School District's charter schools have triggered debate over investor risk.  more »
Workers began installing the first sections of rail on the Long Island Rail Road's $388 million Double Track Project, funded in the MTA capital plans.  more »
Pittsburgh-based PNC Capital Markets LLC hired public finance banker Kerry Rudy in Chicago to lead its national healthcare sector and is bolstering its New York team with the addition of Lawrence Stephens to lead coverage of the city.  more »
The University of New England is teaming up with Southern Maine Community College and a Portland startup on a proposal to develop marine-related products and bring them to market.  more »
The 60 Plus Association announced on Thursday that it is forming a coalition of small holders of Puerto Rico bonds that will push for the creation of a financial control board and oppose bankruptcy legislation for the territory.  more »
Scranton's business administrator spent Wednesday in New York City wooing bond investors for financing to finally pay a now-$24 million arbitration award to police and fire unions.  more »
Andrew Roos, Rhode Island Treasury chief of staff the past 2-1/2 years, will leave for the private sector with Jeff Padwa the interim replacement.  more »
The reconstruction New York's LaGuardia Airport could trigger more public-private partnerships including the proposed air-train connector, P3 experts say.  more »

A budget compromise this year to reduce sequester cuts seems unlikely, and agencies like the Defense Department have fewer opportunities to reduce the impact of spending cuts.

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