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The counterparties to Detroit's interest-rate swaps mounted their first public defense of a controversial settlement with the city Friday, arguing that the derivatives are legally secured and warning that litigation would be costly and painful for Detroiters.
March 24 -
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A trio of financings from California, Georgia, and New York will lead the primary market as the first quarter winds down with another week of meagre supply.
March 23
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The Federal TIFIA loan program provides lower cost capital for toll roads, but can increase bondholder risk, Moody's Investors Service said in a new report.
March 21 -
The Harlem building collapse has added a big exclamation point to talk about the need for New York to address its aging infrastructure.
March 21
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The bond insurers that wrap Detroit's unlimited-tax general obligation bonds have been ordered into a Monday mediation session with the city several weeks after the judge overseeing the case said he would issue a ruling on whether or not the city can treat the debt as unsecured.
March 21
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Municipal mutual funds reported inflows slowed to $107.3 million in the week ended March 20 from $223.8 million of inflows the week before. Assets of all weekly reporting municipal funds increased to $282.32 billion from $282.2 billion, Lipper FMI reported.
March 20 -
Aviation groups difference over a proposal to fund airport infrastructure projects with higher passenger facility charges.
March 20
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Detroit has reportedly yet to finalize a crucial settlement with its interest-rate swap counterparties.
March 20
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Michigan Gov. Rick Snyder told local reporters that he wants Detroit to reach an agreement with its retirees to help advance legislation that would appropriate $350 million in state funds for the city's unfunded pensions.
March 20
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Tax-exempt money market funds' outflows resumed as $139.5 million trickled out of the funds and total net assets dipped to $270.48 billion in the week ended March 17.
March 20
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Reliable, multi-year investments in the Northeast Corridor's 100-year-old rail infrastructure are needed to prevent massive system failures, warns Amtrak CEO Joe Boardman.
March 19
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Detroit's bankruptcy proceedings are on hyper speed compared to San Bernardino's Chapter 9 bankruptcy.
March 18
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A pair of bond insurers filed lawsuits this week challenging key aspects of Detroit's bankruptcy debt plan, litigation that could derail the city's goal of exiting by the fall.
March 18
