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The federal judge overseeing Detroit's bankruptcy has delayed by one week the key trial in the case, while the city dropped its proposal to hire a post-bankruptcy monitor and FGIC dropped its subpoena of Gov. Rick Snyder
July 30 -
The Senate adopted legislation that would provide a five-month, $8 billion bailout of the Highway Trust Fund that extends the fund's solvency through mid-December.
July 30
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The 6th circuit appeals court will hear oral arguments Wednesday on Syncora's appeal of a key decision in the Detroit bankruptcy, one of the insurer's five pending appeals in the case.
July 29 -
Analysts are conflicted over how investors should protect their 2014 returns and mitigate their interest rate risk for the rest of the year.
July 29
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Highway construction project awards slacken in 2014 as states gird for possible delays, cuts in federal transportation spending.
July 29
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Detroit emergency manager Kevyn Orr Tuesday issued an order that gives the city's mayor control of the Detroit Water and Sewerage Department.
July 29
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Trains are now carrying passengers on the first segment of Washington rail system extension funded with $3 billion of federal loans and toll revenue bonds.
July 28
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A settlement with Detroit's limited-tax general obligation bondholders that calls for a 34% recovery also gives the creditors a say in the city's effort to repudiate $1.4 billion of pension certificates, one of the most controversial aspects of the bankruptcy case.
July 28
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New-issue volume is expected to decline by around $2 billion this week, as a handful of deals from California, the District of Columbia and Illinois will vie for investors attention.
July 27
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The Agriculture Department and CoBank have formed a $10 billion fund to spur private investment in rural public infrastructure.
July 25 -
The outcome of Detroit's high-profile bankruptcy case could influence how other distressed Michigan governments prioritize their own retirement obligations against other types of debt, Moody's Investors Service said.
July 25
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Municipal funds reported their highest inflows in 11 weeks.
July 24
