Public finance

At least two bond insurers in the Detroit bankruptcy case will now enjoy the exclusive right to vote on the city's bankruptcy exit plan in place of individual bondholders.

President Obama challenged Congress Tuesday on its inability to resolve the shortfall in the Highway Trust Fund.

Detroit alerted the federal bankruptcy court Wednesday of plans to issue a subpoena to the Bond Buyer for information about the city's controversial $1.4 billion pension certificates of participation sale, and a bond insurer subpoenaed a trio of public finance professionals for depositions in their case.

ALABAMA

LOUISIANA

The U.S. Army Corps of Engineers sees public-private partnerships as a potential funding source for water infrastructure projects.

Syncora Guarantee Inc. is challenging bankrupt Detroit's April settlement with its unlimited-tax general obligation bondholders, saying it violates Michigan law.

Detroit's two interest-rate swap counterparties returned to court to complain that the city's plan of confirmation does not conform to the terms of the settlement they reached with the city.

KENTUCKY

FLORIDA

Many highly-rated sewer utility credits can weather federal consent decrees that mandate substantial upgrades with proper management and planning for the increased costs, Moody's Investors Service concludes in a new report.

Details are starting to emerge on an opaque part of the market, as issuers respond to a Standard & Poor's request for disclosure on municipalities' direct loans.

NEW YORK

ARIZONA

After a short-lived supply boost last week, volume will drop by an estimated $5 billion this week as issuers scale back financings and underwriters and investors head into the Fourth of July holiday.

Nationwide poll finds most Americans would support a higher gas tax if revenues are dedicated to highway and transit projects.

The chief mediation in Detroit's Chapter 9 case has ordered the city to meet Monday with holders and insurers of $1.4 billion of certificates of participation to try to reach a settlement.

CONNECTICUT

ALABAMA

The Bond Buyer's muni bond indexes strengthened in the week ending June 26.