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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.
April 24
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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.
April 23
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Researchers at three universities are looking into the development and future vision for high-speed rail in the United States.
April 22
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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.
April 22 -
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.
April 22
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U.S. Bankruptcy Judge Steven Rhodes was expected to make a quick announcement of his choice for a municipal finance expert to help him analyze the feasibility of Detroit's bankruptcy plan.
April 21 -
The Bond Buyer's muni bond indexes were mostly stable in the week ending April 10, as Treasuries softened.
April 21 -
The Highway Trust Fund will not be able to meet obligations for highway and transit projects in fiscal 2015 under President Obama's proposed budget, the Congressional Budget Office is warning.
April 21
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Research firm Municipal Market Advisors questioned the feasibility of Detroit's recent pension settlements, warning that the proposed cuts are so minimal the city could end up back in Chapter 9.
April 21 -
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New issuance of more than $7 billion is expected to arrive in the primary this week, as Illinois tests the market's appetite for a second time this month with its general obligation credit this time a $750 million sale that will be joined by large financings from issuers in Texas and New Jersey.
April 20
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Metropolitan Washington Airport Authority will complete funding of a rail line to Dulles International Airport with May's negotiated sale of $450 million of toll revenue bonds.
April 17
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Tax-exempt money market funds reported losses of $3.67 billion in the week ended April 14 as total net assets fell to $266.72 billion, according to The Money Fund Report, a service of iMoneyNet.com. The losses come on the heels of the prior week's inflows of $1.58 billion.
April 17
