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

Comic-Con Fans Continue The Epic Battle Between Science And Fiction

Fans of science fiction have long wrestled with the question of just how much science should be in their fiction. Advocates of different approaches met at San Diego's Comic-Con.
NPR

Scraped, Splattered — But Silent No More. Finally, The Dinner Plate Gets Its Say

Instagram is the Internet's semi-obsessive, borderline-creepy love letter to food. But behind every great meal is a plate doing a pretty-OK job. So a comedian made an Instagram to celebrate plates.
NPR

Leaked Democratic Party Emails Show Members Tried To Undercut Sanders

Just days before the Democratic National Committee convention gets underway, WikiLeaks releases almost 20,000 emails among DNC staff, revealing discussions of topics from Bernie Sanders to the media.
NPR

Making The Cloud Green: Tech Firms Push For Renewable Energy Sources

Few people can demand what kind of electricity they get. But Microsoft and Facebook, which operate huge, power-hungry data centers, are trying to green up the electricity grid with their buying power.

Leave a Comment

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