Bankruptcy

The Nelson County Public Library District in Kentucky plans to competitively price $1.6 million of general obligation refunding bonds on Tuesday.

The leader of a Puerto Rico corruption conspiracy pled guilty Thursday.

Jefferson County, Ala.'s bankruptcy appeal is expected to be argued before the 11th Circuit Court of Appeals in Atlanta the week of May 16.

The House will hold two simultaneous hearings about Puerto Rico on Feb. 25 before legislators are expected to begin a drafting process for a legislative solution for the commonwealth.

A Financial Industry Regulatory Authority arbitration panel in San Juan ordered UBS AG to pay an investor about $1.45 million in compensation for losses suffered by investments in its Puerto Rico closed-end bond funds.

The Illinois Board of Education has opened an investigation of Chicago school finances, the latest sign tensions between Chicago Public Schools and Gov. Bruce Rauner.

Lawyers and others following two Puerto Rico cases pending before the Supreme Court are divided about how the death of Justice Antonin Scalia will affect the forthcoming rulings.

Hillview, Ky., and its largest creditor, Truck America, will undergo new court-ordered mediation after conducting settlements talks that failed to resolve a $15 million claim against the city, which has filed for bankruptcy.

A new Atlantic City rescue bill proposed Wednesday would give New Jersey increased power over the city's finances in an effort to avoid bankruptcy.

The City of Philadelphia has added its backing to an ongoing lawsuit against Pennsylvania officials over the state's school funding formula.

Continuing turmoil at the College of DuPage, Ill., cost the two-year school one of its triple-A ratings as Standard & Poor's cut it two notches to AA.

With Kansas lawmakers already working to close a $200 million budget gap, the state now must now address a court order to fix the school funding formula by June 30.

State governors and other public officials who warned that new Environmental Protection Agency regulations could cause significant economic harm to their states and localities are hailing the Supreme Court’s decision to place a stay on the EPA’s plan.

The U.S. Justice Department filed suit against Ferguson, Mo., after the city rejected portions of a negotiated consent decree stemming from a fatal police shooting, adding more financial uncertainty for the city’s already junk-rated credit.

Rep. Sean Duffy said on Wednesday that final legislation to help Puerto Rico is still taking shape but will include “secret sauce” in the form of a combination of debt restructuring and financial oversight and “sugar and spice” through bipartisan steps to incentivize investment on the island.

Senate Finance Committee chair Orrin Hatch on Wednesday demanded Puerto Rico Gov. Alejandro Garcia Padilla provide detailed financial information by March 1 and said he wants to come up with a plan to help the commonwealth by the end of that month.

New Britain, Conn.'s bond rating has soared, thanks to a turnaround led by twentysomething Mayor Erin Stewart.

Morgan Keegan & Co. Inc. will pay $850,000 to settle securities fraud charges brought by Missouri Secretary of State Jason Kander over the firm's underwriting of $39 million of bonds issued for a failed artificial sweetener plant.

A House committee will hear Treasury's Antonio Weiss discuss an analysis of Puerto Rico on Feb. 25, as lawmakers coalesce around a bill that would give the territory's authorities bankruptcy access in return for creation of a financial stability council.

Representatives for Puerto Rico on Friday said the cash-strapped commonwealth plans to pursue its recently proposed debt exchange with creditors holding tax-supported debt even if the territory eventually gets access to bankruptcy or some other type of restructuring process.