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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
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Six months after first announcing a deal, bankrupt Detroit is still struggling to secure a key debtor-in-possession loan with Barclays.
March 14
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Municipal bond funds' inflows more than doubled for the week ending March 13, surging to $223.79 million from $99.48 million the week before.
March 14 -
Private activity bonds for water and wastewater projects would be exempt from state volume caps under bipartisan legislation introduced in Congress on Thursday.
March 14
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Bond Buyer indexes showed softening in the week ended March 13 as Treasury values climbed.
March 13 -
Tax-exempt money market funds generated $1.98 billion of inflows as total net assets grew to $270.62 billion in the week ended March 10, according to The Money Fund Report, a service of iMoneyNet.com.
March 13 -
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"One of these things does not belong" is a catchy slogan and it comes to mind when looking at the latest tax policy ideas coming from Washington when looking at the municipal bond tax exemption. The exemption is not a result of the growth of a tax code designed to induce or reduce certain behaviors. Rather, it is the foundation for the flow of capital in a $3.7 trillion dollar market required to efficiently finance the nation's infrastructure.
March 12
