One of the Wall Street ratings agencies downgraded its outlook of Connecticut’s general obligation bonds citing fixed costs and a stubborn budget deficit.
December 2, 2016
October 3, 2016
RBS Securities Inc., a subsidiary of the Royal Bank of Scotland, will pay Connecticut $120 million - the largest single state settlement ever - to resolve allegations the bank’s handling of mortgage-backed securities directly contributed to the 2008 financial crisis.
July 19, 2016
As of Tuesday, three of the four Wall Street credit rating agencies have downgraded Connecticut’s bonds since May.
July 15, 2016
While Bernie Sanders supporters mourn his endorsement of Hillary Clinton, they should take real comfort that his delegation helped public education activists make an impact on the Democratic Party platform.
July 14, 2016
Connecticut is 43rd in the nation in CNBC’s 2016 Top States for Business rankings, sliding 10 spots from last year.
July 12, 2016
Democratic Gov. Dannel P. Malloy made no apologies for borrowing $188.6 million for a variety of projects, including a bronze statute of the late Walter ‘Doc’ Hurley and a monument to the 65th Infantry Regiment known as the Borinqueneers.
June 28, 2016
Ok, your 401K is taking a pounding because of the Brexit crisis and the impact it is having on the stock market.
May 19, 2016
Two of the four Wall Street rating agencies lowered Connecticut’s credit rating one notch prior to an upcoming bond sale.
May 6, 2016
Democratic Gov. Dannel P. Malloy said he would veto a bill championed by progressives that would create a quasi-public agency to administer a public retirement system for all private sector employees — if the legislature doesn’t fix it.
April 20, 2016
There’s very little these days that Gov. Dannel P. Malloy’s budget director, Ben Barnes, and Daniel Livingston, the lead negotiator for the State Employees Bargaining Agent Coalition, can agree upon. But shoring up the state’s pension fund is one of them.