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Unfunded liabilities in this sector are worse than for pensions, warns Robert Pozen
The island is setting a precedent for how to handle defaults of US municipal bonds, says John Dizard
Lawmakers are gridlocked over how to fix state’s dismal finances
‘Foreign law’ bondholders seem to be losing the current round of the debt crisis, says John Dizard
The state famous for fried chicken has one of the largest retirement funding holes in the country
Emergency measures head for Senate as island faces $2bn payments
Republicans and Democrats to push emergency bill for tackling debt burden
US Treasury secretary says moment has come to hammer out rescue package for debt-ridden island
US Congress must pass a bill to allow restructuring of island’s debts
Investors are pouring money into Detroit property but it is worsening the plight of the poor
Governor had declared a moratorium on obligations due on May 1
John Dizard is mired in the legal mud of the island’s debt restructuring
How did a small island of just 3.5m people amass $70bn of liabilities?
Huge problem of underfunding of retirement plans is crippling many cities and states
Year-long budget stand-off compounded by growing mistrust of authorities
Underfunding is neither impossibly large nor and unsolvable, says Hank Kim of the NCPERS
Legislation aims to help island restructure $70bn burden
The island’s longstanding Civil Code may encourage collective co-operation in $70bn debt battle
Island races to secure deal on $50bn burden amid default fears
Collective deficit of retirement plans is three times larger than official figures
that would confer the power toGovernor granted power to declare a state of emergency and halt payments to creditors
Move seen as quick fix for Commonwealth’s Treasury and public agencies to protect themselves
Decision on high-quality debt will ease regional treasurers’ fears over purchases
Draft bill aims to set up restructuring process and oversight board to deal with $70bn burden
Mayor Rahm Emanuel is seeking ways to plug a $20bn shortfall, one of the worst in the US
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