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An uptick in volume this week will bring a handful of sizable deals to the primary market, but won't be enough to relieve the supply shortage that has prevailed so far in 2014, municipal traders said.
April 6
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While there is wide agreement Northeast infrastructure is rotting, there is nowhere near the same consensus about what to do and how to pay for it.
April 4
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Susannah Page, a former director in the municipal research sector at Bank of America Merrill Lynch, has joined Roosevelt & Cross Inc.
April 4
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Bankruptcy Judge Steven Rhodes, who is overseeing Detroit's bankruptcy, will rule next week on a critical interest-rate swaps settlement after an all-day hearing Thursday that centered on the legality of the lien backing the derivatives.
April 4
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Municipal funds reported outflows for the second week in a row after six-straight weeks of inflows.
April 3 -
Rep. Paul Ryan's proposed fiscal 2015 budget "takes a bipartisan jackhammer" to transportation funding, said Rep. Nick Rahall, the top Democrat on the House Transportation & Infrastructure Committee.
April 3
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Detroit's revised debt plan, which proposes even lower recoveries for bondholders, is a harsh reminder that even bonds with strong security pledges will suffer when economic conditions are too bad, Moody's Investors Service said in a comment titled "Detroit Turns the Screw."
April 3 -
Tax-exempt money market funds had outflows of another $1.48 billion as total net assets dipped to $268.81 billion in the week ended March 31.
April 3
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Detroit can move forward with a controversial $120 million loan with Barclays, the federal judge overseeing the city's bankruptcy case said Wednesday.
April 2
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Bondholder recoveries would tumble another 5% under an updated plan of debt adjustment that Detroit filed with the bankruptcy court Monday evening.
April 1
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Major U. S. corporations are calling on Congress to increase transportation infrastructure funding in the next highway bill.
March 31
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Bond insurer Syncora Guarantee requested dozens of documents from the Detroit Institute of Arts, Christie's, and the state tied to the insurer's challenge to the city's bankruptcy and its attempt to protect the city's art collection from sale.
March 31
