Sept. 20 - Corporate credit rebounds from record slump | Ways & Means bill seeks higher taxes on income
September 20, 2021
Ways & Means bill seeks higher taxes on domestic, foreign income; SEC charges high school district CFO with misleading investors; FASB OKs flexible discount-rate options under new lease accounting standards; BlackRock losing 'patience' on pace of corporate ESG disclosure
Conservative financial decisions, along with record monetary and fiscal stimulus, have brightened many companies' credit outlook, the rating agency said.
Former finance chief Karen Michel told investors Sweetwater Union High School District in San Diego County would end the 2018 fiscal year with a $19.5M general fund balance while it was actually on track for a $7.2M deficit, the SEC says.
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