Infrastructure

Municipal market participants applauded President Obama’s proposal on Friday to create a new type of tax-exempt municipal bond that could be used to help finance public-private infrastructure projects, but one questioned whether it will pass muster with Congress.

The Puerto Rico governor signed a bill amending an oil tax rise bill, opening the way for potential inflation adjustments to the oil tax.

The recently announced move by Mercedes-Benz to relocate its U.S. headquarters to Atlanta is credit positive for Atlanta and Fulton County, Moody's Investors service said Jan. 15.

The Senate Finance Committee took a step toward comprehensive tax reform on Thursday by launching five bipartisan working groups charged with issuing a report with recommendations by the end of May.

The Louisiana State Bond Commission Thursday gave its approval for the New Orleans Aviation Board to issue up to $700 million for a new terminal.

Weakening gasoline tax revenues will force Missouri to concentrate limited financial resources to road work on major arteries.

Gov. Charlie Baker named Northeastern University policy wonk and transit advocate Stephanie Pollaack as Massachusetts secretary of transportation.

New Jersey Assembly Speaker Vincent Prieto and Senate President Steve Sweeney announced on Jan. 14 that the Port Authority is tabling plans to eliminate overnight PATH train service.

Chamber of Commerce chief Tom Donahue says oil price drop makes federal gas tax increase seem more attractive.

As Alabama sells the final tranche of bonds its $1 billion transportation program, other states gear up for legislative sessions aimed at funding billions in back-logged needs.