Public finance

COLORADO

ARKANSAS

President Obama sent to Congress a $302 billion, four-year surface transportation funding bill that ends the prohibition on tolling existing interstate highways.

IOWA

INDIANA

Re-introducing the Build America Bonds program would once again drive much-needed infrastructure spending and broaden the buyer base to non-traditional taxable investors, while at the same time providing a complementary alternative to the currently challenged landscape of the traditional tax-exempt market.

Wells Fargo links limited supply of transportation infrastructure bonds to uncertainty over federal funding.

With two new settlements in hand, Detroit's attorneys at a hearing Monday touted the city's recent progress, with the judge calling the series of deals unprecedented in Chapter 9 history.

Settlements are coming quickly now in the Detroit bankruptcy case, as the city Monday announced a deal with a coalition of unions over collective bargaining agreements.

The federal judge overseeing Detroit's bankruptcy will consider final approval of a key bankruptcy document Monday that includes a fresh settlement reached with retirees late Friday.

INDIANA

ALABAMA

An $834 million Pennsylvania general obligation sale may get plenty of attention this week in a market with little else to focus on, as volume reverts back to 2014's skimpy norm after inching up last week.

Detroit emergency manager Kevyn Orr said a handful of major infrastructure projects and the city's thriving downtown will help drive a revival that mirrors places like Miami and Baltimore.

Metropolitan Washington Airports Authority accepted the first segment of the $5.7 billion Silver Line train extension to Dulles Airport from the contractor.

ARIZONA

CALIFORNIA

Municipal mutual funds reported inflows increased to $244.26 million in the week ended April 23 from $74.03 million of inflows the week before.

Lack of congressional action to replenish the dwindling Highway Trust Fund means aging bridges will continue to deteriorate.

Oversight will be key to keeping the city out of another Chapter 9, Detroit CFO John Hill said at a Chicago forum on Wednesday.