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The Transportation Department may have to begin rationing state highway grants in July as the Highway Trust Fund is expected to dip below the critical $4 billion mark by summer.
March 12
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Buoyed by record ridership in 2013, public transit advocates want their fair share of funding from Washington in the next multi-year surface transportation bill.
March 11
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Detroit's high-profile battle with its bondholders will likely have limited impact in the national market, as general obligation pledges vary widely across the country, Moody's Investors Service said in a new report.
March 11
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The bankruptcy litigation surrounding Detroit's general obligation bonds is unlikely to have a broad legal impact on the meaning of the GO pledges in bonds nationwide, says Moody's Investors Service in a report.
March 11 -
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While much of Puerto Rico's $3 billion general obligation bond issue Tuesday may be scooped up by nontraditional muni buyers such as hedge funds, retail investors in one case have actually been restricted from buying the island's new debt.
March 10 -
Construction associations and labor unions have formed a grassroots coalition to pressure Congress for additional investment in transportation infrastructure.
March 10
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JPMorgan and Charles Schwab have extended an agreement to provide Schwab's clients with access to municipal bonds issued by JPMorgan.
March 7 -
Analysts are divided on whether Puerto Rico's unusually frank disclosures before its $3 billion bond issue scheduled for Tuesday will help or hurt the sale.
March 7 -
Sen. Mark Kirk, R-Ill., wants an additional $4 billion of tax-exempt private activity bonds available for transportation projects.
March 7
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Hedge funds and cross-over investors are expected to devour Puerto Rico's junk-rated sale of general obligation bonds when the $3 billion deal thunders into the primary market, municipal observers said.
March 7
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U.S. Bankruptcy Judge Steven Rhodes pushed back by one month a trial date on the city's plan of debt adjustment after bond insurers and other creditors asked for more time to respond to the controversial plan.
March 7
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Municipal mutual funds reported inflows slowed to $99.48 million in the week ended March 5 from $247 million of inflows the week before. Assets of all weekly reporting municipal funds increased to $281.69 billion, up from $280.11 billion, Lipper FMI reported.
March 6
