Illinois is only the second state to ever be accused of securities fraud. According to the SEC, the state misled investors about its underfunded pension system.
Source: Detroit Free Press | Nation |
March 8, 2013
The feds gave conditional approvals for exchanges in Michigan, Iowa, New Hampshire and West Virginia, bringing to 24 the number of states approved to partially or fully run their exchanges.
U.S. Attorney General Eric Holder said he was in the last stages of reviewing the Colorado and Washington state laws and the international implications of the issue.
The push for reliable roads and bridges is bringing together a strange-bedfellows coalition: not only cities and counties whose economies rely on such projects but also soybean farmers, truckers and state transit advocates.
Source: New York Times | California |
March 6, 2013
As the $85 billion in spending cuts slowly roll out nationwide, California officials are girding themselves for a blow not only to the state’s large military industry but also to its nascent economic recovery.
The Texas Governor, outraged at the release of undocumented immigrants due to Federal budget cuts, has written a letter of protest to Immigration and Customs Enforcement.
Public pension managers are gearing up for another battle against what they say would be costly -- and unnecessary -- accounting disclosure requirements being floated on Capitol Hill even as new disclosure rules take effect this summer.
Source: Arizona Republic | Arizona |
March 5, 2013
The 9th U.S. Circuit Court of Appeals upheld an injunction against a section of the state's controversial immigration law targeting traffic obstructions by day laborers or their would-be employers.
Source: Minneapolis Star Tribune | Minnesota |
March 5, 2013
The Minnesota Sex Offender Program has grown to a population of 682 offenders and faces a court challenge claiming it amounts to an unconstitutional life sentence.
Source: Wall Street Journal | Nation |
March 4, 2013
Federal officials said insurers that get a contract to offer a so-called multistate plan will have to adhere to most of the insurance laws in each state, but in some cases they would be allowed to use a federally approved package of benefits rather than replicating ones set for each state.