Washington

The Central Puget Sound Regional Transit Authority in Washington State is planning to sell nearly $1 billion of green bonds Aug. 4 to pay for its mass transit system and for possible refunding purposes.

The developer of the All Aboard Florida private passenger train system plans to quickly issue $1.75 billion of private activity bonds after approval of the deal.

The $8 billion, three-month extension of the Highway Trust Fund avoids a project shutdown in August.

Credits of the U.S. publicly owned airport sector and the crucial role of airport management are undervalued by the major ratings agencies despite their blemish-proof record, Kroll Bond Rating Agency said in a new report.

"Detroit's a much better credit than it was two years ago," its former emergency manager, Kevyn Orr, told a municipal bond market group.

Utah Gov. Gary Herbert has become chair of the National Governors Association for 2015-2016 and has unveiled an initiative to highlight governors' innovative solutions to crucial programs.

House plans to leave for a long recess Wednesday after voting on a 90-day extension of federal highway funding.

Pension burdens increased in fiscal 2013 for 31 of the 50 local governments with the most debt outstanding in that year, Moody's Investors Service said in a new report.

Revenue offsets in the Senate's six-year transportation funding bill are $1 billion short of proposed general fund transfers.

The Municipal Securities Rulemaking Board revised its three online information facilities to add references to the self-regulator's core operational hours and highlight the 24/7 availability of a number of the systems' functions.

A coalition of state and city finance officials led by Rhode Island Treasurer Seth Magaziner wants the SEC to require greater transparency from PE firms that manage public pension funds.

Washington state will be among the biggest beneficiaries of Medicaid changes under the Affordable Care Act, according to a new report from Fitch Ratings

Rep. Tom Reed, R-N.Y., and Sen. David Vitter, R-La., have introduced bipartisan disaster tax relief bills that include several bond provisions.

The Senate Finance Committee on Tuesday approved a bipartisan, modified, two-year tax extenders bill that includes several provisions relating to bonds and Puerto Rico.

Senate Republican leaders are working on a multiyear transportation bill that would resolve the shortfall in the Highway Trust Fund by dedicating roughly $40 billion of additional revenue to it from a variety of sources.

The Senate Finance Committee is pressing Treasury Secretary Jack Lew for positions on Puerto Rico, including whether it supports giving the troubled territory the ability to allow its public entities to file for bankruptcy protection under Chapter 9.

Virginia will eliminate tolls on two tunnels under construction with $78 million saved by cancelling a P3 road project.

Sen. Ron Wyden, D-Ore., hopes that one day, parents will give their kids infrastructure bonds for the holidays.

The Municipal Securities Rulemaking Board is proposing to create a trade data product that would allow higher education researchers to see what dealers are doing while keeping the dealer identities anonymous.

Rep. Charlie Rangel, D-N.Y. and Sen. Sherrod Brown, D-Ohio, have introduced identical bills that would make permanent and enhance the Qualified Zone Academy Bond program.