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US states of emergency

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  • Monday, 17 June, 2019
    Puerto Rico
    Puerto Rico strikes $35bn debt restructuring deal

    Agreement with bondholders aims to enable island to emerge from bankruptcy by 2020

  • Friday, 9 November, 2018
    FTfmJohn Dizard
    ‘Bottom-feeding’ hedge funds are big winners on Puerto Rico bonds
  • Tuesday, 7 August, 2018
    FT AlphavilleAlexandra Scaggs
    Against states' rights
  • Friday, 20 July, 2018
    FTfmJohn Dizard
    The problem of Puerto Rico won’t go away

    Issues kicked into the long grass will have to be addressed eventually

  • Monday, 18 June, 2018
    FT AlphavilleAlexandra Scaggs
    In corporate America, brands develop you
  • Friday, 25 May, 2018
    FTfmJohn Dizard
    Which will be the US ‘Italy’? California, NJ or Illinois?

    Insolvency of any of the US states could hit federal stability

  • Friday, 27 April, 2018
    FTfmJohn Dizard
    Some of Puerto Rico’s bondholders will be crushed

    The US government will not indefinitely underwrite the island’s access to capital

  • Tuesday, 24 April, 2018
    AnalysisThe Big Read
    Greenwich: the rich town on the frontline of US hedge fund fight

    Connecticut may be wealthy but a worsening deficit increases pressure to raise high finance taxes

  • Friday, 9 March, 2018
    FTfmJohn Dizard
    US unions face looming threat of radical funding cut

    Supreme Court’s Janus v AFSCME ruling may be year’s most politically significant

  • Promoted Content
  • Thursday, 26 October, 2017
    Capital markets
    Illinois taps investors with $4.5bn bond sale

    State’s budget deal over the summer paves way for largest sale in more than a decade

  • Wednesday, 11 October, 2017
    AnalysisMunicipal bonds
    US muni bonds hit by Trump’s debt wipeout talk

    The municipal bond market, worth $3.8tn, suffers outflows after president speaks out

  • Sunday, 8 October, 2017
    AnalysisThe Big Read
    Puerto Rico after the storm: an island on edge

    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?

  • Thursday, 5 October, 2017
    Gillian Tett
    Puerto Rico’s recovery depends on debt forgiveness

    But a write-off needs to be part of a wider economic plan for the island

  • Wednesday, 4 October, 2017
    US politics & policy
    Puerto Rico debt tumbles after Trump remarks
  • Wednesday, 21 June, 2017
    Entrepreneurship
    Detroit revival being led by start-ups

    Entrepreneurs enjoy its low costs, light traffic and unlikely Rustbelt trendiness

  • Friday, 16 June, 2017
    FTfmJohn Dizard
    Illinois is on the fast track to junk by end of June

    US state has more than $14.5bn of past-due bills from suppliers, writes John Dizard

  • Monday, 15 May, 2017
    US faces crisis as pension funding hole hits $3.85tn

    Collective funding deficit for retirement schemes jumps by $434bn in one year

  • Friday, 5 May, 2017
    Free LunchMartin Sandbu
    Lessons from Puerto Rico’s bankruptcy filing Premium

    Unavoidable debt writedowns should be embraced, not resisted

  • Wednesday, 3 May, 2017
    Capital markets
    Puerto Rico governor triggers $70bn debt restructuring
  • Friday, 28 April, 2017
    FTfmJohn Dizard
    Puerto Rico faces worse debt crisis than Argentina

    The island has not learnt from past international restructurings, says John Dizard

  • Friday, 13 January, 2017
    FTfmJohn Dizard
    Hedge funds slug it out over Puerto Rico debt

    John Dizard wonders who will get paid when the island defaults on its muni bonds

  • Friday, 16 December, 2016
    Cost-cutting and taxes target Chicago’s financial quagmire

    Rating agencies say they cannot raise the city’s credit rating yet

  • Friday, 30 September, 2016
    Capital markets
    Puerto Rico handed deadline by debt board

    Restructuring body gives governor two weeks to draw up new fiscal plans

  • Wednesday, 31 August, 2016
    Markets
    US appoints Puerto Rico oversight board

    Seven members will have final say over island’s budget as part of restructuring of $69bn obligations

  • Sunday, 31 July, 2016
    FTfmRobert Pozen
    Retirement healthcare threatens US cities

    Unfunded liabilities in this sector are worse than for pensions, warns Robert Pozen

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