State Debt Management | The Pew Charitable Trusts

State officials often choose to borrow money to finance large expenses, such as expanding a congested highway or replacing defunct wastewater treatment plants. By distributing the cost of a large investment over many years, governments can free up cash on hand to meet their current day-to-day expenses. Borrowing for long-lasting infrastructure, primarily by issuing bonds, also…

Marelli Wins Approval for $518.9M Bankruptcy Loan

The company will return to court in the coming weeks to seek final approval from U.S. Bankruptcy Judge Craig Goldblatt for the full, $1.1 billion financing package. (Kiyoshi Ota/Bloomberg) [Stay on top of transportation news: Get TTNews in your inbox.] Bankrupt auto-parts supplier Marelli Holdings Co. won court approval to borrow $518.9 million to help…