A judge said he will decide in two to three weeks whether bond insurers’ claims that the millions of dollars they are owed by Detroit should be considered secured debt during the city’s bankruptcy.
The Federal Reserve announced a bold plan Wednesday to try to invigorate the economy by buying $600 billion more in Treasury bonds. The Fed said it would buy about $75 billion a month in long-term […]
Detroit’s public school district has announced the sale of more than $210 million in capital improvement bonds. This will allow the district to complete financing of 18 construction and renovation projects.