Pension obligation bond

Several market participants said it’s hard to take such a proposal seriously.

City administrators in La Verne will pursue multiple strategies — some meant to cut costs while others are designed to generate revenue — as part of a plan to pay off nearly $50 million in employee pension costs.

The city of Houston can move forward with its plan to sell $1 billion in bonds on Friday as part of Mayor Sylvester Turner's landmark pension reform passed by the Texas Legislature earlier this year, a judge ruled.

The two largest deals of the week touched down, as yields rose with comprehensive tax reform just a few President Trump pen strokes away from becoming official.

With a record $12 billion of bond proposals on ballots across Texas, voters approved more than 91%, according to the Texas Comptroller's Office

Voters in Houston approved the measure by a more than three-to-one margin.

The city of Holland may have a plan to pay down its unfunded pensions.

The Title III bankruptcy judge approved a deal to pay Puerto Rico Employees Retirement System bondholders interest through October.

California lawmakers have approved a plan to borrow up to $6 billion to prepay pension obligations.

California Gov. Jerry Brown's plan to use a short-term state investment account to fund CalPERS faces some skeptics.