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Senate Environmental and Public Works Committee gave its unanimous approval to six-year bill authorizing $242 billion of federal highway funding.
May 15
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Tax-exempt money market funds reported outflows of $1.19 billion in the week ended May 12, cutting total net assets to $257.73 billion according to The Money Fund Report, a service of iMoneyNet.com.
May 15
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President Obama pressed Congress to quickly increase spending on transportation infrastructure in a speech Wednesday at a bridge project work site.
May 14
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Identical bills recently introduced in the House and the Senate would create a federal "Green Bank" that would be capitalized by bonds issued by the Treasury Department and would provide loans and other types of financing support for clean-energy and energy-efficiency projects.
May 14
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The draft transportation bill released by a key Senate committee falls far short of funding needs by proposing only $242.4 billion for road projects over six years, administration officials and highway industry experts are warning.
May 14
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Detroit emergency manager Kevyn Orr testified before a special House committee Tuesday that is considering a $195 million state contribution to the city's pension funds that Orr said is essential to the city's recovery.
May 13
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The draft transportation bill released late Monday night by a Senate committee calls for $242.4 billion of federal funding for highway projects over six years.
May 13
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The "Detroit Three" automakers are reportedly considering giving up to $25 million or more in a plan that would raise money for the bankrupt city's pensioners while protecting the city's prized art collection.
May 13
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Investors that hold roughly $5.3 billion of Detroit revenue bonds as well as $1.4 billion of its pension certificate debt filed objections to the city's plan of debt adjustment, laying out the arguments they will present at a bankruptcy trial two months away.
May 13
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Michigan lawmakers will spend three days this week debating an 11-bill legislation package outlining the state's role in Detroit's bankruptcy, with emergency manager Kevyn Orr testifying on Tuesday.
May 12 -
Detroit's effort to repay its limited-tax general obligation bondholders only about 10 cents on the dollar would send shock waves through the muni industry and stifle economic growth, SIFMA argued in a court brief filed Monday.
May 12 -
Construction on the $1.8 billion partially bond-financed Iowa Fertilizer Co. project is slightly behind schedule due to the harsh winter but the project is making "timely progress" and commodity price expectations remain on target, according to Fitch Ratings.
May 12 -
Municipal finance advisory firm PFM Group will sponsor a seminar on financial planning in Boston for higher education business officers.
May 12 -
