Alabama county mulls settlement offer

in attempt to delay bankruptcy   http://finance.yahoo.com/news/Alabama-county-delays-rb-4136660051.html?x=0

States missing pension targets even

with private equity http://www.bloomberg.com/news/2011-07-26/states-miss-pension-targets-by-50-with-private-equity-proving-not-enough.html

Alabama county facing largest bankruptcy

  Jefferson County, home to Birmingham, with billions of dollars of debt related to a massive sewer project from the 90s; important meeting looming   http://www.politico.com/news/stories/0711/59914.html

IMF warnings of debt limit

"critical" is the word in use http://thehill.com/blogs/on-the-money/801-economy/173279-imf-it-is-critical-us-raise-debt-limit-control-deficit

SEC probing to

determine if selected government pension disclosures are adequate http://www.bondbuyer.com/issues/120_140/sec-probe-governmental-entities-public-pension-1029198-1.html

What will happen to the Fed's debt ceiling?

August 2 deadline, Moody's concerns  http://www.washingtonpost.com/business/economy/moodys-moves-one-step-closer-to-downgrading-us-debt/2011/07/13/gIQAPRUyCI_story.html?wpisrc=al_national

GASB issues pension exposure drafts

  Proposed changes are to how costs are calculated and also to making liabilities more transparent  http://www.accountingtoday.com/news/GASB-Proposes-Major-Overhaul-Pension-Accounting-Rules-59137-1.html