Chicago’s credit rating on $7.8 billion of general-obligation debt was cut one level to Baa1 by Moody’s Investors Service, which cited “massive” pension liabilities for the third-most populous U.S. city.
Texas appealed a court decision that the state’s ban on same-sex marriage is unconstitutional, a ruling praised by gay rights supporters as a major victory in nationwide litigation spurred by a 2013 Supreme Court ruling.
A federal judge said Texas’s ban on same-sex marriage is unconstitutional and should be blocked while opponents seek to overturn it, granting a victory to supporters of gay unions in the nation’s second-largest state.
A Detroit judge set a course for ending the biggest municipal bankruptcy in U.S. history, giving the city and creditors about four months to argue over a plan that seeks to reduce debt at the expense of unions, retirees and bondholders.
Water scarcity is one of the most urgent food-security issues for countries in the Near East and North Africa, with fresh-water availability expected to fall 50 percent by 2050, the UN’s Food & Agriculture Organization said.
Two weeks ago, Victoria Nuland, the top U.S. diplomat for Europe, apologized for using a profanity in an intercepted phone call as she faulted the European Union for not moving fast enough to address the crisis in Ukraine.
Two weeks ago, Victoria Nuland, the top U.S. diplomat for Europe, apologized for using a profanity during an intercepted phone call as she criticized the European Union for not moving fast enough to address the crisis in Ukraine.