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U.S. Bankruptcy Judge Steven Rhodes pushed back by one month a trial date on the city's plan of debt adjustment after bond insurers and other creditors asked for more time to respond to the controversial plan.
March 7
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Municipal mutual funds reported inflows slowed to $99.48 million in the week ended March 5 from $247 million of inflows the week before. Assets of all weekly reporting municipal funds increased to $281.69 billion, up from $280.11 billion, Lipper FMI reported.
March 6 -
Bond Buyer indexes showed weakening in the week ending Feb. 27.
March 6 -
Detroit in a court filing Thursday said it has reached agreement with Barclays Inc. for a $120 million debtor-in-possession financing.
March 6
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Some muni strategists are saying investors should look to intermediate and longer term bonds to mitigate interest rate risk, as rising prices for short-term bonds begin to outweigh the protection their maturities offer.
March 6 -
Public transit advocates push for $100 billion of federal funding for mass transit over six years in the new surface transportation spending law.
March 6
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Moody's Investors Service downgraded Yeshiva University further into speculative territory Wednesday, dropping the school to B3 from B1.
March 6 -
The total net assets of weekly reporting tax-exempt money market funds slipped to $268.64 billion after outflows of $683.2 million in the week ended March 3, according to The Money Fund Report, a service of iMoneyNet.com.
March 6
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Detroit Wednesday asked the bankruptcy court to set a March 20 date for a hearing on its latest settlement with its interest-rate swap counterparties, calling it key to the city's overall plan of debt adjustment.
March 6
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Harrisburg University, in Pennsylvania's distressed capital, missed a $1.8 million bond payment on revenue bonds, according to a securities filing.
March 5 -
President Obama will ask Congress in his fiscal 2015 budget proposal for $2.5 billion in transit grants for 26 projects in 16 states.
March 5
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Democrats and Republicans could find common ground on business tax reform and infrastructure investment, Treasury Secretary Jack Lew said at a Senate Finance Committee hearing Wednesday.
March 5
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A higher cap for federally allocated tax-exempt private activity bonds could make state transportation P3 projects more attractive to investors.
March 5
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President's Obama $3.9 trillion fiscal 2015 budget, released Tuesday, proposed capping the value of the tax exemption for municipal bond interest at 28%, which market participants complain would amount to an unprecedented tax on municipal bonds.
March 4
