Arizona should be able to tackle a growing shortfall given the state’s improved reserves, low debt burden, and budget flexibility, Moody’s Investors Service said this week. The state’s general fund faces projected shortfalls of $835 million in fiscal 2024 and nearly $879 million in fiscal 2025, according to the Joint Legislative Budget Committee’s latest projections,
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The Securities and Exchange Commission is starting to fill in some details to the rollout of the law that will transform the format of issuer disclosures submitted to EMMA. “The level of complication on the municipal side is definitely much more,” said Dave Sanchez, director of the SEC’s Office of Municipal Securities. “We’re very conscious
In this article ZG Follow your favorite stocksCREATE FREE ACCOUNT Grace Cary | Moment | Getty Images The top 10 hottest housing markets are expected to be spread across the South, Northeast and Midwest this year, according to an analysis by real estate marketplace Zillow. But a “hot” market isn’t always great for would-be buyers.
On the sidelines of Donald Trump’s Monday night rally in New Hampshire, several supporters shared their reasons for backing the former president. Debra O’Donnell, 53 a former pre-school teacher wearing a T-shirt saying “Jesus is my saviour, Trump is my president”, lamented high inflation and rampant immigration, and that the US was losing its “boundaries
Close on the heels of a $3 billion federal grant, the U.S. Department of Transportation Tuesday allocated $2.5 billion in private activity bonds authority for the Brightline West High-Speed Intercity rail project between Las Vegas and southern California. The DOT in 2020 allocated $1 billion in private activity bonds to Brightline, which issued the debt
In this article ZG Follow your favorite stocksCREATE FREE ACCOUNT Maskot | Digitalvision | Getty Images With high mortgage rates and home prices, would-be buyers are understandably looking for deals — even if they have to move to a different city, state or region to find them. Last year, consumers moving interstate tended to pick
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UK asset manager Abrdn is preparing to make hundreds of job cuts as part of a drive to cut about £150mn in costs. The cuts could amount to about 10 per cent of Abrdn’s 5,000-strong
Puerto Rico Electric Power Authority bondholder parties defended their liens on the authority’s revenues in recent court filings, arguing the original trust agreement lays out their claims and a statement from PREPA’s own chief financial officer confirms them. Assured Guaranty, PREPA Ad Hoc Group, bond trustee U.S. Bank NA, and Syncora Guarantee and GoldenTree Asset
Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. Russia’s war in Ukraine has turned into “a battle of ammunition”, Nato’s head has warned, as supply shortages have forced Kyiv’s military to ration artillery rounds. “Increased production of ammunition is an absolute necessity
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Bitcoin has lost 16 per cent of its value over the past two weeks, as some investors use the much-hyped launch of bitcoin exchange traded funds earlier this month to take profits and exit their
Denver Health, Colorado’s sole safety net healthcare provider, is nearing a breaking point as an influx of migrants adds to escalating uncompensated care costs. The health system has received no reimbursement for treating 8,000 migrants in 20,000 visits, Donna Lynne, its CEO, told the Denver City Council’s Finance & Governance Committee this month. “While I
This article is an on-site version of our Chris Giles on Central Banks newsletter. Sign up here to get the newsletter sent straight to your inbox every Tuesday It has been a difficult week for the small army of economists at the European Central Bank. Many will be reeling from the tongue-lashing they received from
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Wes Streeting, Labour’s shadow health secretary, has warned his party to avoid “nostalgia” about Britain’s NHS, saying it needed reform rather than just extra money. Streeting prompted criticism from the left of the party after
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Israeli forces suffered their most deadly day since the start of the ground offensive against Hamas in Gaza, with 24 Israeli soldiers killed, most of them in a single incident. Reservist units were clearing houses
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. With Donald Trump on an apparent glide path to the Republican party’s nomination for the White House, another race is under way: to be his running mate. Back in 2016, Trump landed on Mike Pence,
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK government borrowed much less than expected in December, in a boost to chancellor Jeremy Hunt’s plans to cut taxes ahead of this year’s expected general election. Public sector borrowing fell to £7.8bn last
The International Court of Justice has heard its share of high-profile cases. But few have been as closely watched, or as politically explosive, as South Africa’s suit alleging that Israel is committing genocide against the Palestinians in the war in Gaza. A final ruling on South Africa’s claims — which Israel has furiously denied as
“There’s more known about space travel than there is about soil health,” says Tom Gregory, gulping down a cup of tea and glancing out from his farmhouse kitchen at a valley of green fields. Ten years ago, he and his wife Sophie set up their organic dairy farm in Chard, Somerset. Five years ago, they
The battle between Donald Trump and Nikki Haley has emerged as a contest of competing foreign policy visions, with voters in New Hampshire set to deliver a verdict on America’s role in the world, including on whether to keep funding Ukraine. The vote in the New England state on Tuesday could represent an early watershed
Stay informed with free updates Simply sign up to the Investments myFT Digest — delivered directly to your inbox. Passive investment is a reasonably simple process that generates more than its fair share of bellyaching. Users love it. Rather than poring over spreadsheets to try to beat the broader market, investors from have-a-go punters to
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is editorial director and a columnist at Le Monde Emmanuel Macron burst on to the European scene in 2017 as the innovative politician who stopped the populist wave then sweeping Britain, America, Italy