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Detroit emergency manager Kevyn Orr reversed a decision to close the bankrupt city's pension system for non-public safety employees and shifted it into a 401(k)-style defined contribution retirement plan.
January 6 -
President Obama's top economic advisor urges Congress to enter into a "grand bargain on jobs" in exchange for national infrastructure bank.
January 6
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A hearing on Detroit's interest-rate swaps and proposed borrowing was pushed back until Tuesday due to a massive winter storm in the Midwest.
January 6 -
The municipal market will see the first substantial influx of new issue volume this week after a holiday lull that was marked by few new bonds.
January 5
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Detroit emergency manager Kevyn Orr said he asked the Securities and Exchange Commission to investigate the city's interest-rate swaps amid "serious questions" about the legality of the financings.
January 3
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The municipal bond market capped a light year of issuance with a 6% drop in long-term volume in December.
January 3
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U.S. port infrastructure projects may get some breathing room as another delay looms for Panama Canal expansion.
January 3
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Outflows from municipal bond mutual funds persisted for a 32nd straight week, at $1.47 billion.
January 2 -
More public transit options do not reduce highway congestion and fewer options do not make it worse, according to an analysis by Reason Foundation.
January 2
- Kentucky
Reduced federal funding prompts Kentucky and Ohio to consider using a P3 to build the $3.57 billion Brent Spence Bridge Project between Kentucky and Cincinnati.
January 2
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As Detroit gears up to file its plan of adjustment this month in its historic bankruptcy case, the chief mediator in the case ordered the city Tuesday to meet with bondholders in a series of mediation sessions next week.
December 31
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The mediators overseeing Detroit's bankruptcy case recommended that the bankruptcy judge approve a settlement between the city and its interest-rate swap counterparties, calling it a significant step.
December 30
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The Federal Transit Authority has made available $3 billion of competitive grants aimed at upgrading the storm resilience of public transit infrastructure.
December 30
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Detroit emergency manager Kevyn Orr filed an order with the bankruptcy court outlining and defending the city's revised settlement with its interest-rate swap counterparties.
December 30
