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The article informs that the U.S. Federal Energy Regulatory Commission has released a draft environmental impact statement for Puerto Rico Electric Power Authority's (PREPA) proposed Aguirre Offshore Gasport Project as of August 2014. Topics discussed include plans of switch from use of oil to gas of the authority, rise in the price of the bonds of PREPA, and plans of Puerto Rico public corporation to restructure law to restructure its debt.

The article focuses on the downgrade of Nashville, Tennessee's government obligation bonds' ratings by Moody's Investors Service. It reveals that the city is facing several challenges such as financial support for the local hospital authority, voters' approval to raise property taxes above a cap and a debt burden plan. Downgrade in the Sports Authority of Metro's ratings reflects the stable financial position of the city.

The article focuses on the revised plan of debt adjustment filed by Detroit, Michigan, with the bankruptcy court regarding bondholders' recoveries. Topics discussed include change in recovery rates to add two more classes of unsecured impaired creditors, views of Bill Nowling, city emergency mangers' spokesman, regarding city's proposal to issue notes of two billion U.S dollars and provisions for pensioners, retirees and health care claims under the new plan.

In this article, the author offers information related to the state and local debt securities reforms in the U.S. He mentions that the official statement or prospectus should be required, while a purchase for municipal debt is being considered. He further reports that the U.S. based community baker's association Independent Community Bankers of America (ICBA) has created an electronic notification system called "Municipal Alert" that sends an email to a subscriber.

The article reports on the temporary and proposed regulations issued by the U.S. Internal Revenue Service (IRS) on August 11, 2010, which covers the deferral of cancellation of debt (COD) income by taxpayers. The regulations conform with the American Recovery and Reinvestment Act of 2009, which cites instances that a taxpayer can opt to defer COD income. Situations wherein the taxpayer corporation can avail of this regulations are outlined.

The article discusses the 1.9 U.S. trillion dollar increase in federal debt limit signed into law by U.S. President Barack Obama on February 12, 2010. The article traces a brief history of federal debt in the U.S. and its treatment by Congress. According to the Congressional Budget Office (CBO), Obama's spending proposals could increase the level of publicly held debt to 90% of gross domestic product (GDP) by 2020. Interest rates and the cost of benefits paid to retirees are also discussed.

The article looks at how U.S. Representative Carolyn Maloney, the House Financial Services financial institutions subcommittee chairwoman, released details of her vision for overhauling the credit card industry. According to the article, one of Maloney's reform themes is ensuring that consumers are able to repay their debt. The article discusses underwriting standards.

The article reports that John Snow, U.S. Treasury Secretary, had warned Congress that the Treasury Department has consumed all legal actions to avoid hitting the 8.18 trillion federal debt limit. A letter to congressional leaders stated that the Treasury has suspended new investments of the Civil Service Retirement and Disability Fund.

Focuses on bankruptcy law and legislation in the U.S. as of April 1, 2005. Impact of the bill on the ability of American consumers to eliminate their debt by filing for bankruptcy; Challenges to the development and passage of the bill since the first draft was written in 1997; Efforts of some Republican and Democratic legislators to block the bill's passage; Report that the bill will be implemented if its is passed through the House of Representatives unaltered.

Reports on the adoption of recommended practices on debt policies and investor relations by the Government Finance Officers Association's executive board in Washington D.C. Prerequisites of the recommended practices; Need for disclosure of bond-related information in the recommended practices; Policies included in the recommended practices.

Reports that the Financial Sector Policy Committee of the Indonesian government has approved a plan to restructure debts owed to the state by the company PT Tirtamas Majutama. Impact of the approval; Projects that will be affected by the agreement; Criticism of the plan in Indonesia.

Discusses the issue on declaring Thai Petrochemical Industry PLC (TPI), one of the largest debt defaulter in Thailand, as insolvent. Amount it owed to lenders; Reason for the problem of TPI; What provides an indication that TPI decision is not necessarily binding on future cases.

Examines the state government debt strategies in Australia as of March 17, 1997. Some similarities among various states; Typical credit ratings; The different ways in which states have achieved control over their budgets; Spending levels; Outlook for states like Victoria, Tasmania and Queensland; How the federal government is handling its debts; The cost of doing business in respective states.

Reports on the US Federal Reserve Board's decision to allow banking companies to buy debt that is already in default. Case of Norwest Corp.

Reports on the Internal Revenue Service's (IRS) decision to limit the information that must be provided under interim tax rules when debts are forgiven. Hearing held by IRS to address the banking industry's opposition to the reporting regulations; Problems in auditing and compliance to the regulations.

Reports that the Los Angeles City Council decided on April 3, 1998 to impose a moratorium on authorizing borrowing until the city adopts a formal debt policy. Anticipation of the city council to adopt a formal debt policy by June; Disparity between the debt policy proposal of administrative officer Keith Comrie and city Controller Rick Tuttle; Opinion of analyst Dan Stone on the city's debate over a debt policy.

States that bond lawyers who were hoping for a clarification on the repeal of the $150 million cap on nonhospital 501(c)(3) debt were disappointed when a congressional description of the change was published but contained little guidance regarding the change. Publication of book by the staff of Congress' Joint Committe on Taxation; Contents of book; Views of bond lawyers over book.

Reports on the issuances of developments pertaining to TD 8676 and proposed FI-59-94 regulations in the United States to offer relief for from significant modification standard for taxpayers seeking to deduct partially worthless debts and on dealers' principal contracts.

Reports on the federal rules in the United States implemented for the Cottage Savings Association addressing debt instruments. Final regulations; Changes from the proposed regulations.

Reports that the Securities and Exchange Commission has issued Staff Accounting Bulletin No. 94, effective April 18, 1995, with respect to the period of time in which a gain or loss is recognized on the early extinguishment of debt.

Reports on the US Internal Revenue Service's (IRS) plans to adopt and publish final rules on debt-discharge reporting. Requirement for banks to report forgiveness of debt amounting to more than $600; Banks' loss of rights to collect the money once debt is discharged.