Muni Lowdown: Houston, we have a problem
from The Muni Lowdown
Houston’s economy has been hit by a rout in oil and natural gas prices, as employment levels in the energy sector are poised to sink. Debtwire Municipals reporter Patrick Ferguson looks at this city in Texas. Yong Lim, the Debtwire Municipals desk editor, is the moderator of the podcast. The Muni Lowdown is a weekly podcast recapping the previous week's significant news developments in the municipal bond market. For comments or questions contact [email protected] Puerto Rico’s 78 municipalities will be left without cash reserves from May to July and 15 smaller cities will lose 25% of their budget next year because of a court’s invalidation of Act 29 of 2019, a law that required the central government to pay the cities’ share of pension and health insurance payments. Debtwire's Eva Llorens discusses the ramifications.
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