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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 -
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Sen. Barbara Boxer, D-Calif., on Thursday said she expects the Senate Environment and Public Works Committee will be able to vote on a six-year transportation bill next month.
March 27 -
For yet another year, uncertainty surrounding the potential loss or cap of the municipal tax exemption concerned panelists at the National Municipal Bond Summit.
March 27 -
Detroit amended its interest-rate swaps deal to drop banks' requirement that it sign off on its plan of debt adjustment, and also said it would file an updated bankruptcy plan on Monday.
March 27 -
Continuing a recent pattern, $195 million trickled out of tax-exempt money market funds as total net assetsdipped to $270.29 billion in the week ended March 24, according to The MoneyFund Report, a service of iMoneyNet.com.
March 27
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Detroit's proposed $120 million loan with Barclays, which would finance service improvements, advanced Tuesday after a key Michigan board approved the deal.
March 26 -
Grassroots pressure is building on Congress to pass a transportation funding bill this summer and prevent a halt in construction projects as the Highway Trust Fund approaches insolvency.
March 26 -
