general obligation bonds News

Puerto Rico Oversight Board Loses Bid to Extend Claims Filing Deadline

A U.S. judge on Wednesday denied a request by Puerto Rico’s federally created financial oversight board to extend a looming deadline to file claims, the latest hurdle for its plan to recoup billions of dollars paid to bondholders of potentially …

Climate Change: The Already Present, Next Great Risk to Munis

When Miami Beach borrowed $162 million from Wall Street this week, it wanted investors to know rising seas and extreme weather are a real risk to the city and that it’s doing something about it. An increasing number of states …