WAMU 88.5 : News

Filed Under:

In Annual Wall Street Visit, D.C. Leaders To Make Case For Higher Bond Rating

District of Columbia Mayor Vincent Gray and other city leaders are making their annual trip to New York to meet with the three bond rating agencies.

The city's bond ratings have improved steadily since the mid-1990s, when Congress was forced to take over the bankrupt District government.

Gray will argue that the city is due for an upgrade in part because of three consecutive budget surpluses. Most of that money has gone toward bolstering the city's reserve fund, which now has a record $1.75 billion. Gray, a Democrat, is seeking re-election and has made fiscal stability a priority.

Improved bond ratings would mean lower interest rates when the city borrows money.

The mayor and the District's new chief financial officer, Jeffrey DeWitt, will depart for New York on Tuesday.

NPR

'Kids Love To Be Scared': Louis Sachar On Balancing Fun And Fear

The award-winning author of Holes has just published a new novel for young readers, called Fuzzy Mud. It mixes middle-school social puzzles with a more sinister mystery: a rogue biotech threat.
NPR

Confronting A Shortage Of Eggs, Bakers Get Creative With Replacements

Eggs are becoming more expensive and scarce recently because so many chickens have died from avian flu. So bakers, in particular, are looking for cheaper ingredients that can work just as well.
WAMU 88.5

How Artificial Intelligence And Robots Will Impact Jobs And How We Think About Work

Many experts say artificial intelligence and robots will displace jobs at a faster and faster pace over the coming decade. What changes in technology could mean for how we work.

WAMU 88.5

How Artificial Intelligence And Robots Will Impact Jobs And How We Think About Work

Many experts say artificial intelligence and robots will displace jobs at a faster and faster pace over the coming decade. What changes in technology could mean for how we work.

Leave a Comment

Help keep the conversation civil. Please refer to our Terms of Use and Code of Conduct before posting your comments.