News and Information from Bond Buyer

Municipal bonds steadied on Friday with little trading activity following two days of strengthening.

Bond insurer Financial Guaranty Insurance Co. has subpoenaed Michigan Gov. Rick Snyder and Sean Werdlow, with Siebert Brandford Shank and a former Detroit CFO, for a deposition in the Detroit bankruptcy.

New Jersey's government appears to be near approving an annual debt analysis.

Public distrust and confusion over public-private partnerships along with the lack of creative thinking on the technology front are among the constraints Chicago confronts as it looks to address its infrastructure needs, said panelists at a forum.

Puerto Rico's unemployment rate continued to decline in May, dropping to 13.8% from 14.1% in April.

The board of commissioners for Macomb County, Mich., June 19 approved a measure to issue up to $300 million of bonds to pay off its retiree health care costs.

Gov. Jerry Brown signed California's budget for 2014-15 Friday morning, less than a week after it was approved by the state legislature.

U.S. Chief District Judge Gerald Rosen, the top mediator in Detroit's bankruptcy case, has ordered the city into talks with water and sewer revenue bondholders, one of the few holdout creditors in the case.

Standard and Poor's Rating Services said it raised its underlying rating to AA-minus from A-plus on Royal Oak School District, Mich.'s general obligation debt.

Michigan Gov. Rick Snyder Friday signed a package of bills aimed at resolving Detroit's Chapter 9 case at a triumphant ceremony where the governor and others proclaimed the end is in sight for the historic bankruptcy.

A recent proposal to extend an accreditation review is a positive development for San Francisco Community College District, according to Fitch Ratings.

Despite a recent vote for the state to make a bond payment, intrigue and controversy surround continue to surround the saga of the failed 38 Studios economic development deal in Rhode Island.

Los Angeles will take the lead on new issuance volume, offering nearly $1.4 billion of tax and revenue anticipation notes expected to be priced on Wednesday.

Standard & Poor's Ratings Services said it has raised its rating on Miami-Dade County, Fla.'s 1998, 2001, and 2005 solid waste system revenue bonds to A-plus from A with a stable outlook.

Standard & Poor's Ratings Services said it has raised its long-term and underlying ratings on Oakmont Public Utility District, Texas' general obligation debt by one notch to BBB from BBB-minus.

New York City Mayor Bill de Blasio and the City Council agreed on a $75 billion budget proposal, up 7% from last year.

The Securities and Exchange Commission has charged a Philadelphia-area private equity firm with violating pay-to-play rules by receiving advisory fees from the city and state pension funds following campaign contributions an associate made to state and local officials. It is the first case brought by the SEC under its pay-to-play rules for investment advisers.

Massachusetts plans to kick off a five-year asset-liability management program with a $500 million sale of SIFMA index bonds.