In Annual Wall Street Visit, D.C. Leaders To Make Case For Higher Bond Rating | WAMU 88.5 - American University Radio

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.

WAMU 88.5

Arlington Artisphere Likely To Close Next Summer

With Arlington's county government tightening its belt, the county manager is recommending that the Artisphere arts center in Rosslyn close up shop next year.

NPR

A History Lesson On The Philippines, Stuffed In A Christmas Chicken

Rellenong manok is a deboned chicken filled with a jumble of ingredients. If it seems hard to pin down how this dish got all its fillings, it's because of the complexity of the Philippines' culture.
NPR

GOP Sens. Rubio, Paul Square Off Over Cuba Policy Shift

Rubio, appearing on ABC's This Week, lashed out at Paul, who has expressed support for opening trade with the island nation after a decades-long embargo.
NPR

Obama Calls North Korean Hack 'Cybervandalism'

On CNN's State of the Union, the president expanded on earlier remarks he made criticizing a decision by Sony Pictures to pull distribution of The Interview.

Leave a Comment

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