Bankruptcy

California Gov. Jerry Brown signed a bill exempting the state's transit workers from pension reform while suing the federal government for blocking pension reform for those workers.

A lot of work needs to be done in Detroit, but the city has a great deal of potential, Michigan State Treasurer Andy Dillon said.

Bondholders owed nearly $20 million will be paid $50,000 in a bankruptcy settlement plan for the Great Platte River Road museum archway in Nebraska, a colossal financial failure.

Stockton's proposed bankruptcy plan provides clarity on recoveries of certain of the city's obligations, but some questions remain, according to Moody's Investors Service.

Jefferson County, Ala., failed to properly inform residents about the plan that will allow the county to exit bankruptcy, according to a complaint filed Friday.

Robert Rizzo, Bell's former city manager, pleaded no contest Thursday to 69 counts that he defrauded Bell, Calif. of millions of dollars.

The resolution of Detroit's obligations in its Chapter 9 bankruptcy stands to shape the municipal bond market for years, the Federal Reserve Bank of Chicago concludes in a new report.

Stockton, Calif. received the green light from its city council on its bankruptcy exit plan after reaching a deal with bond insurer Assured Guaranty.

A grassroots group is asking Florida Gov. Rick Scott to delay further legal action against Georgia over water use in the Apalachicola-Chattahoochee-Flint River basin.

The Commonwealth Court of Pennsylvania cited nominating-paper defects in rejecting the Harrisburg, Pa., mayoral candidacy of independent Nevin Mindlin.

Detroit's long-term revival depends on the ability to access the capital markets, which requires fair treatment of its bondholders in bankruptcy, said bankruptcy expert James Spiotto.

A court ruling that overturned a freeze on retiree healthcare cost inflation in Los Angeles could be a credit negative for state and local governments, according to Fitch Ratings.

Detroit Emergency Manager Kevyn Orr said he is considering several ways to wring cash out of the Detroit Institute of Art's collection.

The Tuomey Healthcare System in South Carolina said it is appealing a jury verdict ordering it to pay $277.4 million for False Claims Act violations.

Bankruptcy Judge Steven Rhodes agreed to briefly lift the automatic stay on Detroit's bankruptcy temporarily to allow a state judge to issue an opinion on a related '13th check' pension dispute.

Moody's revised its outlook to developing from negative on Harrisburg parking bonds, pending resolution of the proposed recovery plan in Pennsylvania's capital.

Fitch Ratings confirmed Wednesday that Detroit made its Oct. 1 debt service payments on water and sewer bonds despite a default on its general obligation debt.

The North Carolina Department of Transportation said environmentalists appealed a federal judge's ruling that would have allowed construction to begin on the Bonner Bridge replacement project.

Texas Attorney General Greg Abbott dropped his opposition to the merger of American Airlines with U.S. Airways, which faces a federal antitrust lawsuit.

Insurance is making a big difference in trading prices on Detroit's general obligation debt as the city was poised Tuesday to officially default on its first GO full faith and credit pledge.