The Motor City is the not the only victim of the largest municipal bankruptcy in U.S. history. Local governments across Michigan are now encountering substantial obstacles to borrowing amid concerns about the security of municipal bonds.
Aug 12, 2013 The New York Times
For years, public leaders have touted low interest rates as a fantastic opportunity to borrow money to modernize America's aging infrastructure. That opportunity looks to be ending, as rising interest rates batter the municipal bond market.
Jun 28, 2013 The New York Times
Many voices have raised concerns over municipalities defaulting on bonds during these tough economic times. But as this op-ed argues, those concerns are misguided.
Mar 22, 2011 The New York Times
Municipal bonds are being defaulted on left and right. But the news sounds worse than it is. Few of those defaults are by cities -- for now.
Aug 13, 2009 Governing