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United Kingdom

Karen Pierog

Bond insurers renew push for Puerto Rico electric agency receiver

04 Oct 2018

Oct 4 Bond insurance companies that were not part of a preliminary deal to restructure debt issued by the Puerto Rico Electric Power Authority (PREPA) have relaunched litigation seeking a receiver for the bankrupt agency.

Kentucky high court focuses on legislative passage of pension law

20 Sep 2018

Sept 20 Kentucky's Supreme Court on Thursday considered whether legislators violated the state constitution when they passed a bill earlier this year aimed at addressing the state's cash-strapped public retirement system.

New Illinois laws no panacea for state's unpaid bill backlog: Moody's

18 Sep 2018

CHICAGO New laws enacted by Illinois in response to a huge backlog of unpaid bills fail to address the underlying problems that led to the state's reliance on payment deferrals, Moody's Investors Service said on Tuesday.

Bill would put brakes on U.S. states' rush to tax internet sales

14 Sep 2018

CHICAGO The ability of states to quickly cash in on a June U.S. Supreme Court ruling that lifted restrictions on their ability to tax all internet sales would be restrained under federal legislation announced on Friday.

Bill would put brakes on U.S. states' rush to tax internet sales

14 Sep 2018

CHICAGO, Sept 14 The ability of states to quickly cash in on a June U.S. Supreme Court ruling that lifted restrictions on their ability to tax all internet sales would be restrained under federal legislation announced on Friday.

Chicago mayor Emanuel says he will not seek a third term

05 Sep 2018

CHICAGO Chicago Mayor Rahm Emanuel said on Tuesday that he would not seek re-election next year, throwing open the top job in the third-largest U.S. city after facing widespread criticism over his handling of gun violence.

UPDATE 3-Chicago mayor Emanuel says he will not seek a third term

05 Sep 2018

CHICAGO, Sept 4 Chicago Mayor Rahm Emanuel said on Tuesday that he would not seek re-election next year, throwing open the top job in the third-largest U.S. city after facing widespread criticism over his handling of gun violence.

Trump trade war prompts state warnings to bond investors

27 Aug 2018

CHICAGO, Aug 27 U.S. states worried about a negative impact on their finances from escalating trade disputes instigated by President Donald Trump are beginning to caution bond investors.

U.S. and Mexico to set up joint team to fight drug cartels

16 Aug 2018

CHICAGO U.S. and Mexican law enforcement authorities will set up a joint team based in Chicago targeting the leaders and finances of drug cartels that ship opioids into the United States, aiming to stanch a spike in overdose deaths, officials said on Wednesday. | Video

Puerto Rico bond prices surge as restructuring deals struck

09 Aug 2018

CHICAGO, Aug 9 Puerto Rico bonds rallied on Thursday, a day after the latest debt restructuring deal struck between the bankrupt U.S. commonwealth and its bondholders as well as a federal court ruling that affirmed the budgetary powers of an oversight board.

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