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A bipartisan proposal for national infrastructure bank funded by $50 billion of 100-year taxable bonds is a bad idea, according to the Economic Policy Institute.
February 10 -
Detroit wants to file a debt adjustment plan next week as the city and creditors meet for a fresh round of talks this week.
February 10 -
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Sizeable deals planned in New York, Louisiana, and Texas won't do much to relieve a drought in supply this week as volume is expected to fall below $3 billion on the heels of last week's oversubscribed Illinois deal and a second Puerto Rico downgrade.
February 9 -
Moody's Investors Service on Friday delivered a two-notch downgrade to Puerto Rico's general obligation bonds, a deeper, more far reaching cut than the one imposed by Standard & Poor's three days earlier.
February 7 -
Detroit officially ended an interest-rate swap termination agreement with its counterparties Thursday, a move that the city says preserves its right to pursue legal action against the banks, but said talks with the banks continue.
February 7 -
Michigan officials agreed to step in to assist foundering negotiations between Detroit and neighboring counties over Detroit's water and sewer system considered key to the city's restructuring, Oakland County officials said.
February 7 -
The federal Department of Transportation signs off on an $840 million loan to a seven-county toll road system around Houston.
February 7 -
Governors presented more optimistic outlooks of their states' economies and finances in their state of the state addresses this year, and many said they would pursue new spending, Moody's Investors Service said in a report.
February 7 -
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Puerto Rico's planned debt issue may still find demand among mutual funds after the commonwealth was cut to a junk grade by Standard & Poor's, even though some fund managers are restricted from buying speculative paper.
February 6 -
Bond Buyer indexes were mixed the first week of February.
February 6 -
Metropolitan Washington Airports Authority picks four finalists for next phase of $5.7 billion light rail extension to Dulles International Airport.
February 6 -
S&P revised the outlook to negative on CCC-rated bonds for South Carolina's Tuomey Healthcare due to a $277 million fraud judgment and operating losses.
February 6 -
Municipal mutual funds reported $227.3 millon of net outflows, ending three-week run of inflows, Lipper FMI reported Thurday.
February 6 -
Tax-exempt money market funds pared back outflows compared to last week, but still lost $426.6 million, reducing total net assets to $268.87 billion in the week ended Feb. 3, according to The Money Fund Report, a service of iMoneyNet.com.
February 6 -
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