Bankruptcy

Senate Majority Leader Mitch McConnell, R-Ky., told reporters on Tuesday afternoon that the Senate will consider the House bill designed to help Puerto Rico before July 1.

The Government Finance Officers Association has issued an alert urging members to be ready for conversations with their counsel and quick turnarounds of settlements under the Securities and Exchange Commission's program to voluntarily self-report continuing disclosure violations.

Scranton, Pa., which received its first bond rating in five years — junk-level BB from S&P — intends to sell $40 million to fund a back-pay settlement with police and fire unions.

A Florida court has denied Indian River County’s quest to block a state-created conduit issuer from selling $1.75 billion of tax exempt bonds for All Aboard Florida’s planned private passenger rail project.

Atlantic City has hired McManimon Scotland & Baumann as bond counsel in an effort to avoid a state takeover.

The Supreme Court on Monday issued an opinion affirming that a local Puerto Rico debt restructuring law is unconstitutional, leaving congressional action on a House bill as the most viable option left for the struggling commonwealth to deal with its debt crisis.

The full Senate is expected to take up the Puerto Rico bill passed by the House and vote on it before the end of the month or in early July.

Atlantic City's junk-rated Municipal Utilities Authority could play a key role in deciding the distressed city's financial fate.

A House bill designed to help Puerto Rico will now move to the Senate after House members passed the bill 297 to 127 during a session that stretched into early Thursday evening.

In a decision on Thursday the U.S. Supreme Court ruled that Puerto Rico enjoys most types of sovereignty but not a type relevant to the criminal case at hand.