Harrisburg

Voila! Bankrupt Cities Are Solvent Again! (Or Not)

Last month, Harrisburg, Pa., tried to throw in the financial towel and declare Chapter 9, but a judge threw out the bankruptcy petition. That doesn't mean the city is magically healthy again, though, and it's not the only municipality in similar straits. Here's why it matters to the rest of the country.

Why Municipal Bonds Are Looking Riskier Lately

Despite still-low default rates, munis aren't nearly as solid as they've traditionally been. And thanks to the shrinkage among bond insurers, far fewer bonds are being issued with that extra layer of protection.