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The House could vote as early as Tuesday on a 22-day extension of federal transportation funding to avoid a Oct. 29 expiration date.
October 26
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Municipal professionals, insurers and bondholders criticized the United States Treasurys proposal for a Super Chapter 9 bankruptcy bill for Puerto Rico as dangerous.
October 23 -
Congress will consider another short-term extension of federal highway funding as lawmakers seek a solution to a revenue shortfall.
October 23
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Rating agencies are continuing to treat municipal issuers unfairly even though federal law required that practice to stop, former California Treasurer Bill Lockyer said.
October 23
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Municipal bond funds reported inflows for the third week in a row, according to Lipper data released on Thursday. Weekly reporting funds experienced $240.718 million of inflows in the week ended Oct. 21, after inflows of $520.807 million in the previous week.
October 22 -
The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, fell three basis points to 4.34% in the week ended Oct. 22 from 4.37% in the prior week.
October 22 -
Illinois took its second credit blow this week when Moodys Investors Service dropped the states general obligation debt into the triple-B category Thursday as the states prospects for tackling its budget and pension mess dim amid the four-month-old budget stalemate.
October 22
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Allen Park, Mich., has delayed the settlement date for its purchase of $11.2 million of the $26.3 million of bonds offered to tender from a troubled issue for a failed movie studio project.
October 22
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The House Transportation and Infrastructure Committee on Thursday passed a six-year, $325 billion transportation bill after rejecting an amendment by Rep. John Garamendi, D-Calif., that would have increased the funding by more than $100 billion.
October 22
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The ports of Seattle and Tacoma have merged their marine cargo operations in an effort to better compete with other Pacific ports while keeping their bond portfolios independent.
October 22
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Americans agree on the need for higher highway funding in a new nationwide poll but theres no accord on how to pay for it.
October 21
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Local credits in Michigan will be hurt if a proposal to give their unlimited tax general obligation bonds a statutory first lien falls through, Fitch Ratings said in a special report.
October 21
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The relationship between local government and its workforce is an important indicator of the strength of a municipalities credit, Fitch Ratings said in a report released on Wednesday.
October 21
