Public finance

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.

Tax-exempt money market funds reported losses of $5.61 billion – the largest decline in assets in a year – as total net assets fell to $261.10 billion in the week ended April 21, according to The Money Fund Report, a service of iMoneyNet.com.

ARKANSAS

ALABAMA

Airports may someday face competition from high-speed rail, but that's not a sure thing yet, Kroll Bond Rating Agency said in a new report on rating methodology for general airport revenue bonds.

MISSOURI

CALIFORNIA

Researchers at three universities are looking into the development and future vision for high-speed rail in the United States.

U.S. Bankruptcy Judge Steven Rhodes tapped Martha Kopacz of Phoenix Management Services to act as a municipal finance expert witness reviewing Detroit's bankruptcy exit plan, and Richard Ravitch as a consultant to the court.

The judge overseeing Detroit's bankruptcy ordered the city back into mediation with limited-tax GO bondholders and water and sewer holders in a renewed effort to reach settlements.

IOWA