AP Exclusive: Water giant gave $1.4M loan to official

SAN FRANCISCO (AP) — A California public water district that earned a rare federal penalty over what it described as "a little Enron accounting" loaned one of its executives $1.4 million to buy a riverfront home, and the loan remains unpaid nine years later although the official has left the agency, according to records and interviews.

  • Written by ELLEN KNICKMEYER, Associated Press Writer

With debt payment looming, House weighs Puerto Rico bill

WASHINGTON (AP) — House Republican leaders and President Barack Obama pressured lawmakers in both parties to back legislation to help ease Puerto Rico's financial crisis as the U.S. territory faces a $2 billion debt payment in just over three weeks.

  • Written by MARY CLARE JALONICK, Associated Press

US backed fighters almost surround IS stronghold in Syira

BEIRUT (AP) — U.S.-backed fighters on Thursday closed all major roads leading to the northern Syrian town of Manbij, a stronghold of the Islamic State group and surrounded it from three sides, officials and Syrian opposition activists said.

  • Written by BASSEM MROUE, Associated Press

Michigan Legislature OKs $617M bailout for Detroit schools

LANSING, Mich. (AP) — The Michigan Legislature narrowly approved a $617 million bailout and restructuring of Detroit's debt-ridden school district early Thursday, two years after the state spent less than a third of that amount to help the city government emerge from bankruptcy.

  • Written by DAVID EGGERT, Associated Press