Infrastructure

Moody's downgraded the Jackson International Airport to Baa1 from A3 just three weeks before Southwest Airlines pulls out of the Mississippi capital.

Congress is expected to pass a compromise water infrastructure bill this week that funds 34 projects totaling $12 billion.

The North Carolina Department of Transportation won federal approval to resume work on the $900 million, 20-mile Monroe Bypass project stalled by a federal ruling.

Moody's Investors Service downgraded Manchester-Boston Regional Airport, N.H., revenue bonds to Baa1 from A3

The years Honolulu officials invested in its $5.2 billion elevated rail project are paying off, while Los Angeles officials are fighting for a funding arrangement they say is needed for their rail plans to reach fruition.

A sales tax hike in Missouri to bolster transportation funding is headed to the November ballot.

Senate Environmental and Public Works Committee gave its unanimous approval to six-year bill authorizing $242 billion of federal highway funding.

President Obama pressed Congress to quickly increase spending on transportation infrastructure in a speech Wednesday at a bridge project work site.

Identical bills recently introduced in the House and the Senate would create a federal "Green Bank" that would be capitalized by bonds issued by the Treasury Department and would provide loans and other types of financing support for clean-energy and energy-efficiency projects.

The draft transportation bill released by a key Senate committee falls far short of funding needs by proposing only $242.4 billion for road projects over six years, administration officials and highway industry experts are warning.