November 13, 2008

The Bond Buyer Writes on the DC Metro Being in Danger of Default

"Judge Urges KBC, WMATA to Settle"

By Lynne Funk and Audrey Dutton

Agencies in major metropolitan areas entered into deals between 1998 and 2003 that amounted to a total of $16.102 billion in pledged assets, based on the Federal Transit Administration and congressional data analyzed last month by the nonpartisan Tax Foundation.

[Read the full article here.]