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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
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Virginia DOT has stopped work on a $1.4 billion toll road until it obtains final federal environmental clearance.
March 18
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Syncora is challenging Detroit's latest attempt to settle with its interest-rate swap counterparties, a day after FGIC filed a challenge to the city's lawsuit attempting to invalidate its pension certificates.
March 18
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Bond insurer Financial Guaranty Insurance Company has asked the bankruptcy court overseeing Detroit's Chapter 9 to allow it to intervene in a city lawsuit that attempts to repudiate $1.4 billion of pension certificate debt.
March 17 -
A proposed 47-mile toll road linking Indiana and Illinois is eligible for a federal TIFIA loan that could reduce construction costs by up to 20%, officials said.
March 17
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Record ridership is just one of several credit positives for public transit agencies, Moodys Investors Service said Monday.
March 17
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Despite a sharp drop in refunding opportunities for many issuers, Phoenix expects to see savings of 9.8% or $14.2 million from a $132 million deal this week.
March 17
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Volume will decline to a little more than $3 billion this week as the market takes a breather after deals from Puerto Rico, California and Chicago inflated last week's pricing calendar.
March 16
