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Michigan lawmakers finalized a controversial Detroit Public Schools restructuring package that is supposed to rescue the struggling system from insolvency.
June 9
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The New Jersey Supreme Court upheld Gov. Chris Christies 2011 suspension of cost of living adjustments for retirees pension benefits in a ruling that keeps the state's pension funding position from getting even worse.
June 9
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The full House is expected to vote today on a bill designed to help Puerto Rico after the House Rules Committee set the table for the bill's consideration during a lengthy hearing that stretched into Wednesday night.
June 9
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Nassau Regional Off-Track Betting Corp. is selling its Farmingdale, N.Y. branch to pay debt service for revenue anticipation notes it defaulted on in March.
June 8
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Puerto Rico chief financial officer Melba Acosta Febo said Puerto Rico may pay some, but probably not all, of the commonwealths general obligation bond debt due July 1.
June 7
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A new state rescue plan fails to address Atlantic Citys long-term fiscal challenges, S&P Global Ratings said Tuesday in affirming its deep junk-level CC rating of the New Jersey gambling resort.
June 7
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Faced with a state Supreme Court threat to block distribution of funds to Kansas public schools, Gov. Sam Brownback called a special session of the legislature to provide a funding solution.
June 7
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Lawyers with Orrick, Herrington & Sutcliffe are concerned about a ruling by a federal appeals court last week that found a constitutional challenge to the Securities and Exchange Commission's use of administrative proceedings to impose penalties in enforcement cases could not move forward until the proceedings end.
June 6
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A Dowling College alumni group has launched a campaign to save the 48-year old Long Island school after it announced plans to close last week.
June 6
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A compromise package to rescue Detroit Public Schools from looming insolvency at a cost of $617 million is headed to the state Senate.
June 3
