Government officials urged credit rating agencies Wednesday to rethink the way they rate municipal bonds, arguing that it the current system saddles local governments and taxpayers with unnecessary costs.
Munis are a buy now
Forget what you may have read in the newspaper about state budget problems or bond insurer meltdowns. This is a perfect time to be buying municipal bonds. The economy is slowing, the Federal...
Schwarzenegger declares emergency
California Gov. Arnold Schwarzenegger on Monday declared a fiscal emergency, calling for fast legislative action to alleviate the state's $11.2 billion shortfall in revenue.
Obama and governors to talk state aid
Plagued by rising unemployment, falling tax revenue and increased demand for state services, governors from across the country will meet with President-elect Barack Obama on Tuesday to press...
JPMorgan Chase to cut 9,200 WaMu jobs
JPMorgan Chase said Monday it plans to lay off 9,200 employees at Washington Mutual, the failed savings and loan that the New York City-based banking giant bought in September.
Paulson: Feds to expand rescue
The federal government is reviewing applications from hundreds of banks seeking rescue funding and is "actively" developing new programs to right the nation's unsettled financial system,...
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