Connecticut Gov. Ned Lamont has consistently defended the fiscal guardrails he inherited when he first won the office in 2018.Bloomberg News Connecticut’s “fiscal guardrails,” a 2017 set of budget reforms, have a pretty big reputation, as budget policies go.  The guardrails, placed in the state’s bond covenants, forced the state to pay down billions of
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While the holiday spirit will dominate the news agenda, there are notable developments to watch across the world, as the three defining themes of 2024 — elections, war and inflation — continue to hum in the background. On Tuesday, Moldova’s pro-EU president-elect Maia Sandu will attend her inauguration. Her narrow election victory in October, despite
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Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Who is currently in charge in the US? Jill Biden? Kamala Harris? President-on-paper Joe Biden? Or is it in fact president-elect Donald Trump? Many signs point to the latter, not least the undeniable
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Texas Attorney General Ken Paxton addresses the Conservative Political Action Conference in February. The Republican on Friday lauded Wells Fargo’s move to leave the Net-Zero Banking Alliance, ending a review by his office that could have led to the bank being banned from underwriting state and local government bonds.Bloomberg News Texas Attorney General Ken Paxton
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Moody’s Ratings does not rate Clyde, Texas, but it highlighted the city’s recent default in a report this week.Bloomberg News A small Texas city struggling with water scarcity disclosed this month that it took out a high-interest, short-term loan to repay companies that insured defaulted certificates of obligation. Clyde, a city of less than 4,000
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Jeff Greenberg | Universal Images Group | Getty Images Mortgage rates moved markedly higher last week, causing overall mortgage demand to drop. Total application volume fell 0.7% compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. That was the first decline in five weeks. The average contract interest rate for
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Bellarmine University had very weak debt service coverage levels in the last three fiscal years, Moody’s Ratings said.AdobeStock Bellarmine University was downgraded to B1 from Ba3 by Moody’s Ratings, affecting about $60 million of outstanding debt. The outlook is negative. The downgrade on the Kentucky-based school stemmed from declining enrollment, persistent use of reserves, and
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