Washington

The Teamsters union and New England governors are making separate pushes for prompt action on long-term federal transportation funding.

The Governmental Accounting Standards Board is planning to re-examine the standardized framework state and local governments use to report their financial information.

Surplus toll road revenues will fund preliminary engineering studies on a potential rapid rail segment in north central Texas.

Kenneth D. Gibbs, president of the municipal securities group at Jefferies LLC, plans to leave the firm at the end of the year and take over leadership of the Maimonides Medical Center in Brooklyn.

Washington State is racking up court-imposed penalties approaching $2 million, a positive for the credits of school districts in the state, Moody's Investors Service said this week.

State lawmakers have authorized more than $8 billion of new road bonds in 2015, with billions more of new revenues up to the voters in fall elections.

Kym Arnone, the current chair of the Municipal Securities Rulemaking Board, has left Barclays Capital, according to a company spokesperson.

The National Association of Bond Lawyers has updated its bankruptcy guide for members with new information drawn from the relatively high number of municipal bankruptcy filings in the last few years.

Standard & Poor's has affirmed its A-plus rating for Washougal, Wash. water and sewer revenue bonds ahead of a $10.8 million deal.

Transportation advocates target 16 members of key House committees with radio ads for multiyear highway and transit funding.

The 60 Plus Association announced on Thursday that it is forming a coalition of small holders of Puerto Rico bonds that will push for the creation of a financial control board and oppose bankruptcy legislation for the territory.

The oil and gas industry is pressing Congress to permit exports of crude as prices remain at the lowest since the 2008 global financial crisis. The campaign comes as Houston and other energy dependent credits face growing pain from the falling prices, according to Fitch Ratings.

Phoenix voters have approved a $31.7 billion transportation plan funded by an increase in a dedicated sales tax.

Most cities' "bottom lines" are positive and have bounced back from the financial crisis, though many are still in negative territory and are vulnerable to becoming distressed if they aren't already, according to a new report from Merritt Research Services president and chief executive officer Richard Ciccarone.

A U.S. district court judge has scheduled a trial for late summer of next year in the Securities and Exchange Commission case against the city of Miami and Michael Boudreaux, the city's former budget director.

A local engineering firm and its founder made a $2 million donation that provides one quarter of the local matching funds needed to qualify for federal grants on a $119 million runway project.

When Congress returns to Washington in September, members will have to address a number of important fiscal issues in a short amount of time.

Colorado may have to cut highway funding so it can issue tax refunds triggered by the state's TABOR law.

Ongoing cuts to Build America Bond subsidies are "credit negative" for issuers, Moody's Investors Service said in its weekly credit outlook for U.S. public finance last week.

Senate's multiyear transportation funding bill loosens restrictions on tolling of existing lanes of interstate highways.