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Easing Detroit Public Schools' debt burden is considered key to the district's revival and survival, and bankruptcy is possible, according to one of the reformers working on the turnaround effort.
February 23 -
While municipal bond volume was essentially flat by par value in 2014, there were significant variations from sector to sector.
February 23 -
Total long-term municipal bond issuance did what no one thought it would do in 2014: beat 2013's total issuance.
February 23 -
Note volume was 17% lower than it was last year as state and local governments continued a period of austerity, supported by a stronger United States economy that helped strengthen finances and curtail the need for short-term cash flow.
February 23
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The municipal bond market will be more robust for the week of Feb. 23, with roughly $5.652 billion more issuance than in the past holiday-shortened week.
February 20
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State lawmakers in Arkansas and Washington state give initial approval to measures that would increase local transportation funding.
February 20
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Stifel Financial Corp. reportedly is in talks to buy Sterne Agee Group Inc., continuing an acquisition spree that's vaulted the St. Louis based brokerage and investment banking firm into the top 10 among municipal underwriters.
February 20
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For the week ended Feb. 19, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, jumped five basis points to 4.26% from 4.21%.
February 19 -
An agreement on staffing a new customs facility in Detroit removes the final roadblock to a $3.3 billion P3 bridge project.
February 19
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Moody's Investors Service has warned that Louisiana's growing budget problems will pressure finances at the state's public universities.
February 19 -
Michigan is reportedly looking for ways to provide debt relief for the cash-strapped Detroit Public Schools as part of a larger turnaround plan.
February 19
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Federal Bankruptcy Judge Thomas Tucker, who took over Detroit's bankruptcy this week, asked attorneys to meet with him to address any lingering issues in the historic case.
February 19 -
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Standard & Poor's raised its rating on Allentown, Pa.'s GO debt three notches to A-plus from BBB-plus, citing flexibility from its water and sewer deal.
February 18 -
Connecticut governor proposes 30-year, $100 billion transportation program to modernize state's highway and transit infrastructure.
February 18
