| Jul 5, 2011
| 10:56 AM
Contrary to conventional wisdom, the United States does not have to default on its debt, and the Social Security and Medicare checks can continue to go out, even if Republicans and President Barack Obama cannot strike a deal to raise the debt ceiling by...
| Jul 1, 2011
| 7:36 PM
In 2008, as financial crisis threatened the U.S. banking system, President George W. Bush asked Congress to approve an emergency bailout. Leaders of both parties blessed the idea; both presidential candidates — Barack Obama and John McCain —...
| Jul 7, 2011
| 1:29 PM
Maryland will share in a $75 million settlement that state attorneys general across the country negotiated with JPMorgan Chase & Co. to resolve allegations of bond derivative bid-rigging that defrauded states, counties and nonprofits, the state said...
| Jul 13, 2011
| 6:09 AM
Answering questions about the debt-ceiling talks and what could happen if both sides fail to reach an agreement:
What is the federal debt ceiling?
In 1917, as the U.S. entered World War I, Congress authorized the Treasury to issue long-term bonds to...
| Jul 13, 2011
| 7:19 AM
Thank cost-cutting for this change to the U.S. savings bond program:
Starting next year, you won’t be able to buy paper savings bonds at banks and other financial institutions. Getting rid of this paper work is expected to save taxpayers more than...
| Oct 4, 2011
| 4:35 PM
Trying to strike a balance between the desires of bondholders and water users, Glendale officials on Monday proposed gradually increased rates over the next five years to keep the city-owned utility in the black.
“We have to come up with something...
| Oct 17, 2011
They loped in like a pair of old lions, one a bit stooped, both proud to a fault. On the left, sipping from his bottled water, was Gov. Jerry Brown. On the right, fidgeting with note cards, was Michael Milken.
The occasion was last week's State of the...
| Oct 18, 2011
| 4:40 PM
No news is good news when it comes to the city’s bond ratings, Mayor Rahm Emanuel said today after three bond rating agencies affirmed the city’s credit status.
A week after Emanuel introduced his proposed 2012 budget, Fitch Ratings, Standard...
| Oct 31, 2011
| 9:28 PM
The judge in Tribune Co.'s bankruptcy case on Monday rejected two competing plans for reorganizing the company, leaving the Chapter 11 proceeding unresolved after nearly three contentious years in court.
In an expansive 126-page opinion, U.S....
| Nov 1, 2011
| 7:54 AM
The Bureau of Public Debt released the new rates for savings bonds purchased from now through the end of April.
The Series I bond rate for the next six months will be 3.06 percent, down from 4.60 percent for the previous six-month period. The inflation-...
| Nov 9, 2011
| 5:32 AM
— One group that wants to open a casino at the Rocky Gap Lodge and Resort envisions amenities including five restaurants, a spa, a golf and tennis academy and an automobile museum. The other promises to invest $62 million to build a 50,000-square-...