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Argentina has re-entered the international credit markets through selling sovereign bonds. Though the country has initially set goal for raising $15 billion, but the country has already received orders for $65 billion. Details of the bond selling will be revealed on Tuesday.

A New Jersey judge said that he will oversee the finances of cash-strapped Atlantic City to ensure it pays $25 million it owes the local school district for the rest of this school year.

A high-ranking Republican senator dismissed as "not satisfactory" a draft legislation aimed at addressing Puerto Rico's fiscal crisis before a looming debt default on May 1, deepening intraparty divisions on the complex rescue effort.