Caitlin Devitt

U.S. Bankruptcy Judge Steven Rhodes was expected to make a quick announcement of his choice for a municipal finance expert to help him analyze the feasibility of Detroit's bankruptcy plan.

Research firm Municipal Market Advisors questioned the feasibility of Detroit's recent pension settlements, warning that the proposed cuts are so minimal the city could end up back in Chapter 9.

The city of Fort Wayne plans to issue up to $67 million of bonds to finance the takeover of a nearby water utility.

Detroit's Bankruptcy Judge Steven Rhodes Thursday ordered Detroit and three counties into mediation to try to hammer out a stalled deal to create a new regional authority to run the city's massive water and sewer system.

Detroit's two pension funds have reached a settlement with the bankrupt city that features dramatically lower cuts than originally proposed.

Detroit emergency manager Kevyn Orr defended the city's bankruptcy and talked about the deal with unlimited-tax general obligation bondholders and the importance of future capital markets access in a wide-ranging exclusive interview with The Bond Buyer.

With the help of mediators, Detroit reached a settlement with its police and fire retirees, one of the thorniest parts of the city's historic Chapter 9 bankruptcy.

Indianapolis has agreed to pay at least $164 million over the next 10 years to keep the professional basketball team the Indiana Pacers in town.

Detroit bankruptcy Judge Steven Rhodes' decision to hire a municipal finance expert to review the city's bankruptcy plan attracted responses from five professionals, including a few well-known public finance figures.

Michigan Gov. Rick Snyder agreed with a state review team's recent assessment that the Detroit suburb of Lincoln Park is in a state of fiscal emergency.

Detroit's proposed settlement with its unlimited-tax general obligation bondholders is a positive development for the bondholders and insurers that wrap the debt, Moody's Investors Service said in a comment released Monday.

Indiana Gov. Mike Pence said he would reopen talks about economic incentives with the Pakistan-based company that is building a controversial fertilizer plant in Posey County.

Detroit's historic bankruptcy case gained momentum with court approval of a controversial interest-rate swaps settlement and a deal on its unlimited-tax general obligation bonds, but challenges still lay ahead, legal experts said.

KeyBanc Capital Markets Inc. has hired Mark Fisher to serve as a managing director in its public finance group, overseeing business in Ohio and Michigan.

After Illinois lawmakers approved overhauling two of Chicago's pension funds, Cook County President Toni Preckwinkle said she was poised to unveil her own reform plan for her county's troubled fund.

A bond insurer Wednesday asked the bankruptcy judge overseeing Detroit's case to force the city to consider four new bids for the city's art collection that could bring in as much as $2 billion.

The state of Michigan last week sold $83 million of bonds last week in a deal that state officials said was four times oversubscribed and proved that the state's credit remains appealing to investors.

The long-struggling city of Gary, Ind., is making a rare appearance in the bond market with a short-term deal that the city's mayor hopes will help rebuild the city's battered credit.

Detroit's creditors filed a flood of objections to the city's bankruptcy plan Monday, arguing it lacked critical information needed to answer even basic questions such as recovery rates.

Legislation that authorizes up to $600 million in revenue-backed borrowing for public university and state buildings in Missouri is headed to the House after Senate passage.