Infrastructure

New York's MTA unveiled the new Fulton Center complex in lower Manhattan. The $1.4 billion project was conceived after Sept. 11.

Arkansas' $206.5 million federal highway grant anticipation and tax revenue bonds with final maturities of 2026 drew a true interest cost of 2.0858% in a competitive sale won by Citigroup.

California local streets and roads will continue to deteriorate unless additional funding can be found, according to recent statewide condition report.

Debate resonates in New York City's Queens borough over how to best use a 3-1/2 mile abandoned rail corridor.

The San Francisco Metropolitan Transportation Agency's revenue bond rating has been upgraded to Aa2 from Aa3 based on positive financial operations.

Fate of Maryland's $2.45 billion Purple Line light rail P3 is in the hands of Gov.-Elect Larry Hogan, an avowed foe of transit projects.

The North Texas Tollway Authority's $461 million of refunding bonds were ten times oversubscribed in a Nov. 5 pricing, bringing the toll road operator savings of nearly 11%.

Having consolidated control of both the House and Senate for the first time in eight years, Republicans on Wednesday vowed to end the gridlock and begin passing legislation early next year. President Obama urged Congress to move forward with corporate tax reform to help pay for infrastructure improvements – an issue that has some bipartisan support.

Transportation proposals were popular with voters during Tuesday's election, with few defeats amid several big-ticket initiatives that passed by wide margins in Texas, California, Maryland, and Wisconsin.

Republicans won enough races in Tuesday's midterm elections to gain control of the Senate - the first time they've controlled both chambers in eight years. At least two Senators who have sponsored bills relating to bonds and state and local finance during the last two years lost their reelection bids.