Bond defaults

The plan calls for up to $55 million of borrowing to fund 2015 state health and pension benefits.

New Jersey Gov. Phil Murphy appointed his primary opponent to lead a review of the state’s intervention efforts.

Harvey, Illinois can ill afford higher pension contributions as it's yet to make good on defaulted bond payments.

Bankruptcy attorneys who work with local governments on project financing are paying attention.

State lawmakers will consider restructuring the Santa Rosa Bay Bridge Authority’s defaulted bonds and taking ownership of the Garcon Point Bridge.

After years of defaults, the Branson, Mo., airport has a new plan to deal with its fiscal distress.

The nonprofit rail company responsible for one of the largest defaults may sell bonds for an extension.

New Jersey's long track record of aiding distressed municipalities continues, according to S&P Global Ratings credit analyst Timothy Little.

S&P raised the city's rating on notch to CCC-plus and assigns a stable outlook.

The rating agency says Assured Guaranty and Build America Mutual are open to a traditional bond refinancing, not a bond restructuring or a haircut.

Hartford, Conn.’s debt rating was dropped to CC by S&P Global Ratings Tuesday, which called a default, distressed exchange, or redemption a “virtual certainty.”

The Cleveland-Cuyahoga County Port Authority missed a September bond payment.

Minnesota's high court ordered the negotiations to resolve a funding dispute that's entangled a small piece of debt.

A state appeals court ordered Harvey, Illinois to levy a property tax to boost the nearly insolvent firefighters' fund.

The district's debt holders must vote on a new Chapter 9 plan of adjustment.

A bankrupt Texas issuer hasn't missed a bond payment, in contrast to the default of an issuer that hasn't filed.

Buena Vista was denied access to state borrowing programs because the city failed to pay its golf course debt.

West Contra Costa Healthcare District's $57 million of certificates of deposit are at center of a bankruptcy dispute.

Austin plans to sell at least $50 million of bonds to resolve a default on airport hotel debt.

The Puerto Rico Oversight Board approved a plan cutting PRASA, PREPA, PRHTA, and GDB debt payments.