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Jones Day, the law firm that oversaw Detroit's bankruptcy, said it cut its fee by $18 million, leaving a $58 million final tab that it defended as reasonable given the "cutting-edge" nature of the Chapter 9 case.
January 21
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The All Aboard Florida private passenger train project has received a $1.75 billion federal private activity bond allocation along with conditions that impose a tight timeframe to issue the debt..
January 21
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President Obama called for bipartisan support for a multiyear transportation funding bill without providing specifics on pay for it.
January 21
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California's long-term ratings from all rating agencies could hit double-A levels if current conditions continue, according to a Municipal Market Analytics report.
January 21
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Seattle's Sound Transit gets a $1.3 billion federal loan to revive voter-approved $4 billion light rail project stalled by revenue drop.
January 20
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Municipal volume is forecasted to rise in the holiday-shortened week, with three of the four biggest deals tied to oil.
January 16
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The Government Finance Officers Association is levelling strong criticism at Moody's Investors Service for failing to provide its credit ratings to EMMA and urging the agency to do so.
January 16
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Municipal market participants applauded President Obamas proposal on Friday to create a new type of tax-exempt municipal bond that could be used to help finance public-private infrastructure projects, but one questioned whether it will pass muster with Congress.
January 16
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Lazard Freres, which represented retirees in the Detroit bankruptcy, said it agreed to a 37% fee reduction as part of court-ordered mediation.
January 16 -
Short term municipal bonds, after posting negative returns in December, may still have value as an alternative to staying in cash while waiting for the Federal Reserve Board to raise interest rates.
January 16
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Muni Bond Indexes Strengthen Again in Latest Week
January 15 -
The Senate Finance Committee took a step toward comprehensive tax reform on Thursday by launching five bipartisan working groups charged with issuing a report with recommendations by the end of May.
January 15
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Weakening gasoline tax revenues will force Missouri to concentrate limited financial resources to road work on major arteries.
January 15
