Scranton City Council adopts $26.6 million bond issue, and advances plan to borrow another $9.85 million
Scranton City Council on Thursday adopted an ordinance to issue up to $26.6 million in bonds to raise $18.5 million necessary to keep the city afloat this year. The $18.5 million would be composed of a court-approved $9.85 million in unfunded debt and $8
Debt crisis: as it happened May 18, 2012
European Commissioner for Trade admits to emergency plan for Greek euro exit for first time, while David Cameron says the euro crisis could get 'a lot worse' as he travels to G8 summit.
Debt crisis: live
European Commissioner for Trade admits to emergency plan for Greek euro exit for first time, while David Cameron says the euro crisis could get 'a lot worse' as he travels to G8 summit.
Debt crisis: as it happened May 17, 2012
Ratings agency Fitch warns that all eurozone countries face a greater than 50pc chance of a downgrade if a stable, pro-bail-out government is not formed following Greece's second round of elections.
Europe's debt crisis joins governments and banks at the hip
In Greece, Spain and elsewhere, much of the national debt is owed to the countries' banks, and disaster for one would almost certainly spell doom for the other. LONDON — The alarm over potential bank runs in Greece and Spain this week has highlighted an often-overlooked fact: Europe's debt crisis is also, in many ways, a major banking crisis.
Alabama Legislature faces last day of session without budgets
Medicaid may face a drop in funding.