Louisiana

Louisiana State Treasurer John Fleming indicated he is open to compromise on the nature of state oversight for the city, which may have trouble making payroll.

Attorneys for the Archdiocese said it is "inevitable" bondholders will be hit with a cramdown.

The rating agency expects the school to post an operating deficit this year.

The city said it will take a wide range of measures to try to get through November and December without running out of money.

Moody's cited the school's weakening liquidity levels in its downgrade.

The city council president is concerned about state bond commission approval.

Among those approved is a $117 million variable rate demand bond expected to be marketed late this year.

The Southeast's states rely on federal funds more than those in other regions and analysts warn those funds may be ending shortly if the shutdown continues.

The rating agency cited narrowing reserves and the expectation that the city will experience declining revenues next year.

The East Baton Rouge Sewerage Commission plans to achieve savings by refunding taxable bonds with tax-exempts.