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Martha Kopacz, municipal finance expert witness to the Detroit bankruptcy case, asked the court Friday to force the city and Ernst & Young to turn over key documents that they have so far refused to release.
May 23
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The Virginia Tobacco Settlement Financing Corp. plans to draw on reserves Dec. 1 because revenues won't be sufficient to pay debt service.
May 23
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Bond insurer Syncora Guarantees appeal of a key Detroit bankruptcy matter was assigned to a judge Thursday.
May 23 -
Travel executives say under-investment in U.S. transportation infrastructure threatens the nation's global standing.
May 23
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A de Blasio administration official disputed a Barclays report that called New York City's agreement with the United Federation of Teachers a credit negative.
May 23
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Municipal mutual funds reported inflows increased to $663.6 million in the week ended May 22 from $616.5 million of inflows the week before.
May 22 -
The Bond Buyer's muni bond indexes mostly weakened in the week ending May 22.
May 22 -
Proposals to keep federal transportation funding at current levels will worsen the existing backlog of transit system deferred maintenance.
May 22
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The Senate passed a $12.3 billion water infrastructure bill Thursday by 91-7, two days after the House approved it.
May 22
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The Michigan House Thursday overwhelmingly and speedily passed legislation aimed at resolving Detroit's bankruptcy and creating oversight for the post-bankrupt city as it exits bankruptcy.
May 22
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Southwest Airlines' newfound freedom to begin serving long-haul destinations from Dallas Love Field Airport in October poses risks for smaller airports left behind, Fitch Ratings warns.
May 22
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Tax-exempt money market funds reported inflows of $913.9 million in the week ended May 20, raising total net assets to $258.64 billion according to The Money Fund Report, a service of iMoneyNet.com.
May 22 -
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Former U.S. Transportation Secretary Ray LaHood joins infrastructure investor Meridiam North America as senior advisor.
May 21
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The House Appropriations Committee approved a 2015 transportation budget that keeps federal highway funding at 2014 levels.
May 21
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JP Morgan Chase CEO Jamie Dimon said Detroit's bankruptcy and proposed bondholder treatment shouldn't hurt the market for local Michigan bonds over the long run, according to the Detroit Free Press.
May 21
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A Michigan House committee devoted to Detroit's bankruptcy unanimously approved legislation to authorize a $195 million state contribution to the city's pensions and outline oversight of the city post-bankruptcy for the next 20 years.
May 21
