Municipal bond

The World

Cities, Municipal Bonds and a Potential for Disaster

There’s hope that the U.S. can pull out of this economic slump it’s in, but there’s a potential disaster looming for states that could derail any economic recovery. Meredith Whitney, a financial analyst famed for predicting Citigroup’s major debt fallout, made a new dire prediction. She believes up to 100 U.S. cities could default on […]

The World

China Poised to Issue Junk Bonds

Global Politics

Cash-Strapped Detroit Suspends Payment to Vendors