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The Bond Buyer's muni bond indexes mostly strengthened in the week ending May 15.
May 15 -
Federal Judge Steven Rhodes Thursday shot down bond insurers' requests that they be given special access to Detroit's prized art collection for an independent valuation.
May 15 -
Senate Environmental and Public Works Committee gave its unanimous approval to six-year bill authorizing $242 billion of federal highway funding.
May 15
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Tax-exempt money market funds reported outflows of $1.19 billion in the week ended May 12, cutting total net assets to $257.73 billion according to The Money Fund Report, a service of iMoneyNet.com.
May 15
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President Obama pressed Congress to quickly increase spending on transportation infrastructure in a speech Wednesday at a bridge project work site.
May 14
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Identical bills recently introduced in the House and the Senate would create a federal "Green Bank" that would be capitalized by bonds issued by the Treasury Department and would provide loans and other types of financing support for clean-energy and energy-efficiency projects.
May 14
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The draft transportation bill released by a key Senate committee falls far short of funding needs by proposing only $242.4 billion for road projects over six years, administration officials and highway industry experts are warning.
May 14
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Detroit emergency manager Kevyn Orr testified before a special House committee Tuesday that is considering a $195 million state contribution to the city's pension funds that Orr said is essential to the city's recovery.
May 13
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The draft transportation bill released late Monday night by a Senate committee calls for $242.4 billion of federal funding for highway projects over six years.
May 13
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The "Detroit Three" automakers are reportedly considering giving up to $25 million or more in a plan that would raise money for the bankrupt city's pensioners while protecting the city's prized art collection.
May 13
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Investors that hold roughly $5.3 billion of Detroit revenue bonds as well as $1.4 billion of its pension certificate debt filed objections to the city's plan of debt adjustment, laying out the arguments they will present at a bankruptcy trial two months away.
May 13
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Michigan lawmakers will spend three days this week debating an 11-bill legislation package outlining the state's role in Detroit's bankruptcy, with emergency manager Kevyn Orr testifying on Tuesday.
May 12 -
Detroit's effort to repay its limited-tax general obligation bondholders only about 10 cents on the dollar would send shock waves through the muni industry and stifle economic growth, SIFMA argued in a court brief filed Monday.
May 12
