Infrastructure

The infrastructure grants are bolstered by bond financing.

The deal was the latest billion-dollar-plus transaction for one of the P3 airport terminal projects at John F. Kennedy International Airport.

The state lacks the money to widen the traffic-clogged highway on its own, officials said.

Mega projects in Boston and Philadelphia top the list.

The public-private partnership that took over four Puerto Rico toll roads following the territory's bankruptcy is gearing up to sell municipal bonds.

As federal funding dries up, cites are searching for new funding sources.

The board has requested comment on additional disclosures that state and local governments would need to provide in financial statements but faces a long timeline for implementation.

Local governments that were in Hurricane Milton's path, however, will face significant credit challenges, Moody's said.

Some cities with lots of lead pipes, like Chicago, will get more time.

The results of two investigations into overcharging on San Diego's SR 125 toll road revealed management knew about the issues long before they came to light.