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Rep. Paul Ryan's proposed fiscal 2015 budget "takes a bipartisan jackhammer" to transportation funding, said Rep. Nick Rahall, the top Democrat on the House Transportation & Infrastructure Committee.
April 3
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Detroit's revised debt plan, which proposes even lower recoveries for bondholders, is a harsh reminder that even bonds with strong security pledges will suffer when economic conditions are too bad, Moody's Investors Service said in a comment titled "Detroit Turns the Screw."
April 3 -
Tax-exempt money market funds had outflows of another $1.48 billion as total net assets dipped to $268.81 billion in the week ended March 31.
April 3
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Detroit can move forward with a controversial $120 million loan with Barclays, the federal judge overseeing the city's bankruptcy case said Wednesday.
April 2
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Bondholder recoveries would tumble another 5% under an updated plan of debt adjustment that Detroit filed with the bankruptcy court Monday evening.
April 1
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Major U. S. corporations are calling on Congress to increase transportation infrastructure funding in the next highway bill.
March 31
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Bond insurer Syncora Guarantee requested dozens of documents from the Detroit Institute of Arts, Christie's, and the state tied to the insurer's challenge to the city's bankruptcy and its attempt to protect the city's art collection from sale.
March 31 -
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The second quarter will begin as the first quarter ended, with volume this week on the sparse side.
Ipreo LLC and The Bond Buyer anticipate long-term new volume will hover around $4.19 billion this week, versus last week's revised $4.78 billion reported by Thomson Reuters. The dearth of supply is frustrating for some traders.
March 30
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The Detroit bankruptcy judge on Wednesday will consider a request from bond insurers and others requesting that a hearing on a controversial swaps settlement scheduled for Thursday be pushed back by at least 10 days.
March 28 -
Detroit Friday released details of a controversial $120 million loan with Barclays as ordered by the bankruptcy judge overseeing the case.
March 28
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The six-week streak of municipal bond fund inflows has ended as concern over rising interest rates weighed on the market.
March 28 -
