We use cookies for a number of reasons, such as keeping FT Sites reliable and secure, personalising content and ads, providing social media features and to analyse how our Sites are used.
A new world is possible. Let's not go back to what wasn't working anyway.
Add this topic to your myFT Digest for news straight to your inbox
The mooted state aid approach is misguided and interventionist
Agreement with bondholders aims to enable island to emerge from bankruptcy by 2020
Issues kicked into the long grass will have to be addressed eventually
Insolvency of any of the US states could hit federal stability
The US government will not indefinitely underwrite the island’s access to capital
Connecticut may be wealthy but a worsening deficit increases pressure to raise high finance taxes
Supreme Court’s Janus v AFSCME ruling may be year’s most politically significant
State’s budget deal over the summer paves way for largest sale in more than a decade
The municipal bond market, worth $3.8tn, suffers outflows after president speaks out
Years of borrowing had left the economy in a precarious state. Now in need of multibillion-dollar aid, will it ever be able to pay its debts?
But a write-off needs to be part of a wider economic plan for the island
Entrepreneurs enjoy its low costs, light traffic and unlikely Rustbelt trendiness
US state has more than $14.5bn of past-due bills from suppliers, writes John Dizard
Collective funding deficit for retirement schemes jumps by $434bn in one year
Unavoidable debt writedowns should be embraced, not resisted
The island has not learnt from past international restructurings, says John Dizard
John Dizard wonders who will get paid when the island defaults on its muni bonds
Rating agencies say they cannot raise the city’s credit rating yet
Restructuring body gives governor two weeks to draw up new fiscal plans
Seven members will have final say over island’s budget as part of restructuring of $69bn obligations
International Edition
