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Michigan lawmakers Tuesday created a special committee to deal with Detroit's bankruptcy and recovery ahead of legislation outlining a state contribution that could be unveiled as soon as Thursday.
May 6
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Muni pros are adding yield and diversification to their portfolios, taking advantage of historically-attractive returns in the high yield sector that continue to be available amid growing concerns over rising interest rates and anemic supply.
May 6
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Sen. Barbara Boxer said the Senate Environment and Public Works Committee will begin work next week on a transportation bill that keeps spending at current levels plus inflation.
May 6 -
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Large public funds tracked by the Wilshire Trust Universe Comparison Service outperformed small ones in the first quarter of 2014.
May 5 -
Bankrupt Detroit Monday filed a new plan to adjust its debt that reflects recent settlement with key creditors, though deals with some bondholders remain elusive.
May 5 -
Former U.S. Representative James Oberstar died at age 79 Saturday, silencing one of Washington's most outspoken advocates of increased transportation and infrastructure investment.
May 5 -
The gas tax would need to be raised to 31 cents from the current 18.3 cents per gallon in 2015 and increased thereafter in order for the Highway Trust Fund to keep up with projected transportation funding needs, without new revenue sources, Fitch Ratings said in a report released Monday.
May 5 -
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A $450 million Illinois toll road financing, and a $255 million note deal for a New Jersey stadium project will do little to resuscitate the new-issue market this week as volume is expected to fall by more than one third from last week's total.
May 4
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State transportation departments face a $47 billion cut in federal funding in fiscal 2015 if Congress fails to shore up the Highway Trust Fund.
May 2 -
The board representing a major Detroit civilian retiree group board has voted in favor of supporting Detroit's proposed plan of adjustment.
May 2 -
Barclays Capital sees value in standalone Grant Anticipation Revenue Vehicle bonds now that yields have risen over concerns about potential shortfalls in U.S. highway funding.
May 2
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The California Public Employees' Retirement System has filed a friend of the court brief in support of appeals to Detroit's eligibility to be in bankruptcy.
May 2
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The Bond Buyer's muni bond indexes were mostly stable in the week ending May 1, as Treasuries continued firming.
May 1
