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State Economic Indexes recently released by the Federal Reserve Bank of Philadelphia show the difference between the worst performer and the best performer was more than a full percentage point.
June 30
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The seasonally adjusted Milwaukee Report on Business slipped to 46.6 in June from 47.7 in May, the Institute for Supply Management-Milwaukee reported Tuesday.
June 30 -
The Midwest Economy Index slipped to 0.17 in May from a downwardly revised 0.28 in April, first reported as 0.29, the Federal Reserve Bank of Chicago said Tuesday.
June 30 -
Standard & Poor's Ratings Services said it has lowered its general obligation rating on the commonwealth of Puerto Rico to CCC-minus from CCC-plus.
June 30 -
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- Illinois
Illinois lawmakers convene Tuesday for a discussion on the impact of the partial government shutdown that looms due to a continuing budget impasse.
June 29
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Worry about Greece fueled a flight to safety buy in bonds on Monday, pushing up prices of both U.S. Treasuries and municipal bonds. Traders said yields on most top-rated municipals closed down six basis points as uncertainty over Puerto Rico added to investors' general unease.
June 29
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Puerto Rico Gov. Alejandro García Padilla may have worsened relations with traditional municipal investors when he acknowledged long-standing concerns that the commonwealth cannot pay its $72 billion in municipal bond debts.
June 29
- Puerto Rico
The White House reiterated that the federal government won't offer bailout support to Puerto Rico after Gov. Alejandro García Padilla said the island's debt is not payable and that a debt restructuring is necessary,
June 29 - Puerto Rico
Puerto Rico Gov. Alejandro García Padilla's developing plan to restructure the public sector's $72 billion of debt is part of a larger plan to dramatically change its governmental practices.
June 29
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Puerto Rico's insured bonds strengthened with the general municipal market Monday, signaling confidence in municipal bond insurance as investors reacted to the governor's call for a comprehensive restructuring of the island's debt.
June 29 - Puerto Rico
Fitch Ratings said it has downgraded the commonwealth of Puerto Rico's general obligation and related debt ratings to CC from B.
June 29 -
Reps. Randy Hultgren, R-Ill., and Richard Neal, D- Mass., have introduced legislation that would increase the number of projects that could be financed by qualified small issue manufacturing bonds.
June 29
