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Moody's warns on China's local government debt
english.peopledaily.com.cn

BEIJING, June 19 (Xinhua) — Local government debt poses a key risk for Chinese banks, Moody's said Wednesday, the latest warning amid growing jitters of financial risks in the world's second largest economy. The rating agency said in a report that …

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Shrinking and consolidating city government while selling bonds, are attempts …
www.nj.com

City officials say the action is Mayor Mark Smith's efforts to consolidate and shrink city government. Also introduced was an ordinance that would authorize the sale of bonds (not to exceed $75,000,000) to cover a portion the debt of the Bayonne Local …

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Greek debt costs surge on government collapse
www.dw.de

The collapse of the government sparked renewed fears over the country's reform process and its ability to repay massive debt. For the past three years, Greece has been dependant on rescue funding to the tune of 240 billion euros ($316 billion …

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FIIs put in bids worth Rs 39000 crore to buy government bonds
economictimes.indiatimes.com

… close to Rs 35,000 crore. As against the grant of investment limits to FIIs in government debt securities at Rs 42,022 crore ($ 7.15 billion) in Thursday's auction, the bids received from FIIs (foreign institutional investors) totalled Rs 39,171 …

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Video: "Alarmingly insufficient" oversight of security clearance program, official says
feeds.cbsnews.com

“There is an alarmingly insufficient level of oversight of the federal investigative services program” that conducts background checks for security clearances, said Patrick McFarland, the inspector general at the Office of Personnel Management, during a congressional hearing on Thursday.

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Video: Firm that checked Snowden's background under investigation, official says
feeds.cbsnews.com

When asked whether USIS, the government contractor that performed a background check on NSA leaker Edward Snowden, is under investigation, Office of Personnel Management watchdog Patrick McFarland said, “Yes,” adding that “there may be some problems” with the thoroughness of the contractor’s process.

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Video: Immigration reform deal would flood border with patrol agents
feeds.cbsnews.com

Senate Republicans worked out a deal that includes a laundry list of border security measures. It could be a turning point in the battle over immigration reform. Nancy Cordes reports.

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