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Tax-exempt money market funds reported outflows of $696.9 million as total net assets settled at $255.5 billion in the week ended June 23, according to The Money Fund Report, a service of iMoneyNet.com.
June 26 -
Bankruptcy Judge Steven Rhodes blocked insurer Syncora's request to question the state attorney general, and gave a limited green light to plan for the city's proposal to take the court on a bus tour of the city as part of the upcoming trial.
June 26
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The Head of the Senate Finance Committee will work with chairman of House Ways and Means for a quick, temporary fix to the fast-depleting Federal Highway Trust Fund.
June 26
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Investors were not reluctant to buy the Detroit name when the Michigan Finance Authority priced $185 million of bonds for the Detroit Public Lighting Authority Wednesday.
June 25
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As Detroit has shown, the Chapter 9 world and the municipal bond finance world often just don't speak the same language, according to Nixon Peabody LLP attorneys.
June 25
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Sen. Barbara Boxer supports a proposal for a six-month patch to keep the Highway Trust Fund solvent through 2014.
June 25
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The Senate Finance Committee is scheduled to vote Thursday on a bill that would extend the authority to spend from the Highway Trust Fund through the end of the calendar year.
June 24 -
Detroit Tuesday defended its proposal to take Bankruptcy Judge Steven Rhodes on a bus tour of the city as part of the plan of confirmation trial later this summer.
June 24
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Syncora Guarantee Inc. has accused Detroit of pitting its pensioners against its financial creditors in a "torches and pitchforks" campaign, the insurer's latest salvo in a rising war of words between the two parties.
June 23 -
Social impact bond legislation in Congress authorizes the creation of P3s that would benefit by achieving socially desirable outcomes.
June 23 -
The New York Environmental Facilities Corporation's $213 million bond sale earlier in June showed green bonds offer issuers an opportunity to diversify their investor base by bringing in buyers who do not typically purchase municipal bonds.
June 23
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An estimated $8.9 billion in new issuance is expected to be priced in the primary market this week.
June 22
