Being frugal may soon bite the school district. On Tuesday, the Commissioner of Minnesota Management and Budget announced a plan that would withhold $423.3 million from 231 school districts in order to pay the state's bills.

It's an interesting article about "strategic default," walking away from an underwater home mortgage even if you can pay the payments. This Arizona law professor believes that homeowners are being treated differently than businesses, in that a corporation's board usually encourages walking away from...

Being frugal may soon bite the school district. On Tuesday, the Commissioner of Minnesota Management and Budget announced a plan that would withhold $423.3 million from 231 school districts in order to pay the state's bills.