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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
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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
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Bond insurer Financial Guaranty Insurance Co. has subpoenaed Michigan Gov. Rick Snyder and Sean Werdlow, with Siebert Brandford Shank and a former Detroit CFO, for a deposition in the Detroit bankruptcy.
June 20 -
U.S. Chief District Judge Gerald Rosen, the top mediator in Detroit's bankruptcy case, has ordered the city into talks with water and sewer revenue bondholders, one of the few holdout creditors in the case.
June 20 -
Michigan Gov. Rick Snyder Friday signed a package of bills aimed at resolving Detroit's Chapter 9 case at a triumphant ceremony where the governor and others proclaimed the end is in sight for the historic bankruptcy.
June 20
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The Bond Buyer's muni bond indexes were mixed in the week ending June 19.
June 19
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As Detroit released preliminary bond documents for next week's $185 million streetlight sale, Fitch Ratings assigned a BBB-plus to the borrowing, saying it believes the utility tax revenues pledged to the bonds are not at risk in the city's bankruptcy.
June 19 -
Watchdog group advises lawmakers to avoid bookkeeping gimmicks in resolving the multi-billion shortfall in the Highway Trust Fund.
June 19
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Flows among tax-exempt money market funds switched back to negative as they reported the loss of $1.2 billion in the week ended June 16, according to The Money Fund Report, a service of iMoneyNet.com.
June 19
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