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A group of creditors led by bond insurers asked the federal judge overseeing Detroit's Chapter 9 bankruptcy to delay the confirmation trial by nearly two months, saying the city has failed to turn over key documents in a timely way.
June 4
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Calling it a historic day in Michigan, Gov. Rick Snyder promised speedy approval of a package of bills aimed at resolving Detroit's bankruptcy with a state contribution to the city's pensions funds.
June 3
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Senate Appropriations subcommittee approved legislation that would keep federal highway funding at 2014 levels next year while increasing transit spending by $310 million.
June 3
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The judge overseeing Detroit's bankruptcy case Monday outlined 14 legal questions related to the city's plan of confirmation, three of which are related to Detroit's proposed treatment of its bondholders.
June 3
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HUD's post-Sandy program awarded combined $540 million for a 10-mile berm along Manhattan's Lower East Side, a living breakwater along Staten Island's shore and protection for the Hunts Point food market and Long Island waterways.
June 2 -
House GOP leaders propose cutting Saturday mail deliveries and use the savings to fund highway projects.
June 2
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Local Michigan general obligation bonds and Chicago debt represent pockets of risk in an otherwise-improving municipal bond market, Charles Schwab said Friday.
June 2
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Weekly municipal bond volume is forecast to jump to $6.5 million in the coming week, providing a measure of relief to a supply-starved market.
June 1 -
Fitch Ratings warned it would cut its rating on $5.7 billion of Detroit's water and sewer debt to as low as D if the bankruptcy court approves the city's current plan of debt adjustment.
May 30 -
Sen. Chris Murphy, D-Conn., will propose a 12 cent per gallon increase in the federal gasoline tax to support highway and transit projects.
May 30
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A House representative has introduced a bill to an 11-bill package tied to Detroit's bankruptcy that would allow the city's mayor to sit on a key oversight board.
May 30
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A bill introduced in the Senate mirrors legislation pending in the House proposal to remove the state volume cap on private activity bonds issued for water utility projects.
May 30
