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Weekly municipal bond volume is forecast to jump to $6.5 million in the coming week, providing a measure of relief to a supply-starved market.
June 1 -
Fitch Ratings warned it would cut its rating on $5.7 billion of Detroit's water and sewer debt to as low as D if the bankruptcy court approves the city's current plan of debt adjustment.
May 30 -
Sen. Chris Murphy, D-Conn., will propose a 12 cent per gallon increase in the federal gasoline tax to support highway and transit projects.
May 30
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A House representative has introduced a bill to an 11-bill package tied to Detroit's bankruptcy that would allow the city's mayor to sit on a key oversight board.
May 30
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A bill introduced in the Senate mirrors legislation pending in the House proposal to remove the state volume cap on private activity bonds issued for water utility projects.
May 30
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Emergency Manager Kevyn Orr said Detroit would be more attractive to Wall Street than ever once the bankrupt city emerges from Chapter 9 bankruptcy later this year.
May 30
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The Bond Buyer's muni bond indexes mostly strengthen in the week ending May 29.
May 30 -
Municipal mutual funds reported inflows declined to $634.5 million in the week ended May 28 from $663.6 million of inflows the week before.
May 30 -
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Qualified 501(c)(3) bonds are a financing tool that can be used to grow nonprofits' clean-energy infrastructure and reduce their energy expenditures, the Clean Energy and Bond Finance Initiative said in a recently released paper.
May 29 -
P3s are useful financial tools, not magical risk-free solutions, for increased state funding of transportation projects, NASBO says.
May 29
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Detroit's attorneys said they are in the midst of an effort to put a price tag on the city's art collection following repeated requests from bond insurers and other financial creditors.
May 28
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More oversight is needed of how the Transportation Department awards TIGER transportation grants, Government Accountability Office says in a new report.
May 28 -
Efforts are under way in Congress to amend a new federal loan program for water infrastructure that excludes tax-exempt bonds from the project funding package.
May 28
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The Detroit Institute of Arts, which has found itself at the center of the city's high-profile bankruptcy, warned that any attempt by creditors to cash in on the city owned museum's art would spark expensive litigation and undermine Detroit's post-Chapter 9 recovery.
May 28
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