Investments

CALIFORNIA

Detroit's attorneys said they are in the midst of an effort to put a price tag on the city's art collection following repeated requests from bond insurers and other financial creditors.

More oversight is needed of how the Transportation Department awards TIGER transportation grants, Government Accountability Office says in a new report.

A New York issuer has applied for relief under the Internal Revenue Service's voluntary closing agreement program so that tax-law violations relating to bonds issued for New York Medical College in 1998 can be settled.

Efforts are under way in Congress to amend a new federal loan program for water infrastructure that excludes tax-exempt bonds from the project funding package.

The Detroit Institute of Arts, which has found itself at the center of the city's high-profile bankruptcy, warned that any attempt by creditors to cash in on the city owned museum's art would spark expensive litigation and undermine Detroit's post-Chapter 9 recovery.

ILLINOIS

ARKANSAS

Investors' ravenous demand for high-yield municipal bonds has created an optimal environment for lower-rated issuers, analysts say.

Nearly a quarter of Detroit's buildings suffer from blight, and it would take $2 billion to fix the problem across the city, according to a report released Tuesday.

Moody's Investors Service has downgrade Hastings College of the Law to A2 from A1.

INDIANA

ARIZONA

Airport deals will dominate the shortened holiday week, as volume drops to a scheduled $4.1 billion from $6.24 billion in the past week.

Martha Kopacz, municipal finance expert witness to the Detroit bankruptcy case, asked the court Friday to force the city and Ernst & Young to turn over key documents that they have so far refused to release.

The Virginia Tobacco Settlement Financing Corp. plans to draw on reserves Dec. 1 because revenues won't be sufficient to pay debt service.

Bond insurer Syncora Guarantee’s appeal of a key Detroit bankruptcy matter was assigned to a judge Thursday.

Travel executives say under-investment in U.S. transportation infrastructure threatens the nation's global standing.

A de Blasio administration official disputed a Barclays report that called New York City's agreement with the United Federation of Teachers a credit negative.

CONNECTICUT