By Michelle Kaske and Andrea Riquier States and localities are poised to borrow the most in a year in a bet that investors in the municipal market, which has beaten U.S. stocks, Treasuries and commodities, will be undeterred by the … Read more

John Moorlach, who became treasurer of Orange County, California, after it filed the biggest municipal bankruptcy in U.S. history in 1994, has some advice for the new record-holder, Jefferson County, Alabama. Read more