Southwest

Standard & Poor's has withdrawn its D rating on a Glendale, Ariz., plant designed to convert trash into energy after the project defaulted on its October bond payment.

Kansas revenues have fallen short of projections for the fourth consecutive month, according to the state's October report.

Blaming rising pension costs, two rating agencies have downgraded Dallas' general obligation rating as the city prepares to issue $227 million of bonds.

In another sign of Texas' faltering energy economy, sales tax revenue for October fell 5.4%, according to Comptroller Glenn Hegar.

Texas voters approved a new transportation funding formula that could provide $2.5 billion for highways, but the money will not start flowing right away.

Like Depression-era Arkansas, Puerto Rico took on too much debt, leading to a crisis when the worldwide economy shrank. But there are some key differences.

Phoenix Plans to Issue $117.9 million of revenue bonds for Sky Harbor Airport, whose traffic appears to be growing after dominant carrier U.S. Airways merged with American Airlines.

Long before Puerto Rico's debt crisis, Arkansas' defaults were followed by a decade of refundings, a debt exchange, and ultimately Federal help to resolve its problems.

Voters in Texas will decide $9.1 billion of local bond proposals and a statewide constitutional amendment to divert $2.5 billion of sales tax revenue to transportation.

The IAH Public Facility Corp.' $49 million of bonds for a jail in Polk County, Texas, are one of a number of issues that have been audited by the IRS, which has claimed jail bonds are taxable private activity bonds.