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How Use of Rainy Day Funds Affects State Credit Ratings

Credit scores are of critical importance to state governments. A low rating can suggest to investors that a government is more likely to default on the debt it issues. This makes it more expensive for a state to borrow money and adds constraints to its budget. However, a strong rainy day fund can have a …

WASHINGTON – With a nod to Women’s History Month, the Democratic-led House on Wednesday passed two measures, one designed to protect women from domestic violence, the other to remove the deadline States to ratify the amendment on equal rights. The reauthorization of the violence against women law passed 244-172 with 29 Republicans joining Democrats in …

Assistant Secretary of Health Admiral Brett Giroir speaks as US President Donald Trump listens during a press conference on the novel coronavirus, COVID-19, in the Rose Garden of the White House in Washington, DC, April 27, 2020. Mandel Ngan | AFP | Getty Images There is “no way on Earth” the United States can test …

The eight judges declined to consider an appeal in which South Carolina Gov. Henry McMaster sought to remove two clinics – in Charleston and Columbia – from the state’s Medicaid network. Planned Parenthood applauded the decision but warned there were at least two dozen cases pending across the country. Politico: Supreme Court rejects challenge to …

WASHINGTON – U.S. Representative Rosa DeLauro has pledged “this is the last year” House spending bills will prevent federal funds from being used to pay for abortion in a hearing Tuesday as she is preparing to take over all federal spending in January. DeLauro, D-3, has previously said she wants to repeal the Hyde Amendment, …

On World Water Day, KBI Global Investors outlines the immense challenges ahead for water conservation and how sustainable investing can make a difference. This is the ultimate contradiction: water is priceless, but free. Without water, manufacturing stops, food does not grow, the economy collapses, and ultimately life ceases. It’s a difficult concept to understand, but …

March 19 – TRAVERSE CITY – Michigan lawmakers are here. The $ 1.9 trillion COVID-19 relief bill enacted on March 11 by President Joe Biden includes a provision that will require states to allocate included federal school aid within 60 days. Michigan is expected to receive $ 3.8 billion in educational aid. U.S. Senator Debbie …

Jeff Galvin, CEO of American Gene Technologies, has always made investing in his team and in the BioHealth Capital Region (BHCR) a top priority. In the latest sign of the company’s commitment to its employees and the region, AGT recently announced the creation of a Clinical Laboratory Improvement Amendments (CLIA) certified laboratory that actively provides …

For all those people who have a taste for risk, it is better to recognize the profits and allocate the balance to other asset classes such as gold, hybrid funds. The directive of the Securities and Exchange Board of India (SEBI) that – in the event of the purchase of units of mutual funds (except …

U.S. stock indexes closed higher on Monday, after losses of all three major indexes last week, with investors weighing the improving economic outlook against fears of a faster-than-expected interest rate hike. Friday, the Dow Jones fell 0.5% weekly, the S&P 500 and the Nasdaq both slipped 0.8%. What drove the market? Technology-related stocks helped push …