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The benefits of stimulus spending on transportation infrastructure during economic downturns outweigh the initial cost, the Transportation Research Board says.
February 18
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Detroit's Cobo Hall, the riverfront convention center that a few years ago struggled to survive, is now touting itself as a model of regional cooperation that the bankrupt city can replicate as it tries to rebuild itself after bankruptcy.
February 18
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Supply will trail off again as a $400 million Metropolitan Transportation Authority is expected to sell amid an otherwise lackluster holiday-shortened week.
February 16
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Municipal mutual funds reported $82.1 million of net inflows in the week ended Feb. 12, bouncing back from a $227.3 million outflow the week before, Lipper FMI said Thursday.
February 14
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Detroit's attempt to invalidate $1.4 billion of pension certificates as part of its bankruptcy is unlikely to be copied by other certificate issuers, according to Moody's Investors Service.
February 14 -
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Bond Buyer indexes finished the second week of February largely unchanged.
February 13
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Conservative financial structure of grant anticipation revenue bonds will buffer their credit ratings if federal highway funds drop in fiscal 2015, Standard & Poor's predicts.
February 13
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Mayor Bill de Blasio's preliminary $73.7 billion budget proposal for New York City still leaves more questions than answers, some capital markets observers said.
February 13
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Detroit is set to file a long-awaited plan to adjust its debt next week whether or not it has nailed down certain proposals, such as the lease of its water and sewer system.
February 13
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Sen. Ron Wyden, the new chair of the Senate Finance Committee, has recently voiced some ideas that would favor the municipal bond market, such as extending bond-related and other expiring tax provisions and reinstating Build America Bonds. But the Oregon Democrat's past actions, such as sponsoring legislation that would favor tax-credit over tax-exempt bonds, have posed threats to the muni market.
February 13
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Tax-exempt money market funds added $1.25 billion of new cash to boost total net assets to $270.12 billion in the week ended Feb. 10, according to The Money Fund Report, a service of iMoneyNet.com.
February 13 -
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A gradual economic recovery helped the credits of municipal bond issuers in 2013, Fitch Ratings said Wednesday, with the agency reporting that the past year witnessed fewer downgrades and more upgrades than 2012.
February 12
