Public finance

A bond insurer and Detroit's two pension funds are among five appointees to the committee named to represent the interests of unsecured creditors as the city proceeds through Chapter 9.

Transportation infrastructure funding is at a crossroad in 2014, as lawmakers confront the necessity of finding ways to bolster the rapidly depleting Highway Trust Fund while supporting efforts to ensure the nation's airports and ports maintain a global economic edge.

NEW JERSEY

INDIANA

Outflows, weak supply, rising interest rates, and mediocre returns are forecast for the municipal market as it rings in 2014 — in other words: more of the same.

GEORGIA

GEORGIA

Light issuance and the Federal Open Market Committee's decision to taper its bond-buying program drove the municipal market on the pre-holiday week.

Detroit's federal bankruptcy judge urged the appellate court to reject an appeal of his recent rulings on the city's eligibility for Chapter 9 and declined to recommend an expedited appeal process.

Puerto Rico Gov. Alejandro García Padilla is proposing three measures to strengthen the commonwealth's and its municipalities’ finances.

Maryland Transportation Authority will generate less than $10 million a year in toll revenue from express lanes on a $1.1 billion highway improvement project.

When Standard & Poor's downgraded Jefferson County, Ala.'s school warrants to D, some people said the action was misleading and others were confused.

CHICAGO - Detroit told the bankruptcy court Friday it may sue its interest-rate swap counterparties without a revised settlement to terminate the swaps under more favorable terms. The warning raises the stakes on mediation.

Outflows from weekly reporting municipal bond mutual funds persisted for the 30th straight week, at $1.71 billion.

COLORADO

CALIFORNIA

Heavy outflows from municipal bond mutual funds persisted, Lipper FMI numbers for the week of Dec. 18 showed.

Detroit's mayor-elect, Mike Duggan, will manage the bankrupt city's day-to-day operations under an agreement with the city's emergency manager, Kevyn Orr, that was announced Thursday.

The Bond Buyer's weekly yield indexes were mixed in the week ended Dec. 19.

Auction house Christie's valued bankrupt Detroit's art collection at between $454 million and $867 million in a final assessment turned over to city emergency manager Kevyn Orr this week.