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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 -
Construction on the $1.8 billion partially bond-financed Iowa Fertilizer Co. project is slightly behind schedule due to the harsh winter but the project is making "timely progress" and commodity price expectations remain on target, according to Fitch Ratings.
May 12 -
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A pair of turnpike revenue offerings from New Jersey and Pennsylvania will give the primary market a lift this week, helping alleviate supply concerns ahead of spring reinvestment season, municipal experts said.
May 11
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Lawmakers have reconciled differences in House and Senate versions of a water infrastructure bill that would authorize $8 billion of federal funding.
May 9
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Michigan lawmakers unveiled a package of 11 bills Thursday aimed at hastening Detroit's exit from bankruptcy and managing the city's post-Chapter 9 recovery.
May 9
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Tobacco bonds have lured investors with some of the highest returns in the muni market this year, raising concern among strategists that traditional municipal bond investors' are taking on too much risk.
May 8
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The Bond Buyer's muni bond indexes mostly strengthened in the week ending May 8.
May 8
