Port Authority of New York & New Jersey

U.S. Deputy Transportation Secretary nominee and former New York City official Polly Trottenberg called it 'a project of national significance.'

Transportation officials weigh the potential and pitfalls of this public-private development mode amid a financial squeeze during the coronavirus.

Officials see the Moynihan Train Hall and other works in progress as springboards for the city's revival from the coronavirus pandemic.

The bistate agency intends to fund a build-in-place Manhattan terminal with capital funds, air rights, PILOT payments and federal backing.

Muni yields have been in a nine-basis point range since the beginning of the year while UST yields have fluctuated more than 20 basis points. With so little supply, muni credit spreads continue to compress.

The bi-state agency may face further cuts to its capital program after receiving no funds in the second round of federal coronavirus relief.

The Port Authority of New York and New Jersey is proposing a scaled down 2021 budget that includes additional borrowing for its capital program.

Proposed upgrades to the 110-year-old tunnel linking Manhattan and northern New Jersey have hit roadblocks under President Trump.

A project to bring train service to LaGuardia Airport is closer to breaking ground despite the fiscal headwinds created by the COVID-19 pandemic.

Bi-state transportation agency seeks $3 billion of federal assistance to avoid capital plan cuts.

Fewer fliers due to the coronavirus pandemic sparked a second downgrade to Port Authority of New York and New Jersey-issued bonds sold for Kennedy Airport.

For the 10th week in a row, investors put cash into tax-exempt mutual funds with Refinitiv Lipper reporting a $857 million inflow.

New York issuers jump in for retail and Texas Transportation also makes an appearance as attractive low yields lure more issuers in. However, some participants say caution is warranted as the coronavirus spread widens in the South and West.

The New York/New Jersey agency's issuance of $1.1 billion in taxable notes underscores multi-year revenue challenges it confronts due to the COVID-19 pandemic.

Traders and strategists say the dearth of tax-exempt debt and the surge of taxable issuance is keeping the market steady.

Municipal bonds were little changed as the first half of a tumultuous year comes to a close.

Municipal bonds finished mostly steady on Friday ahead of a $7.2 billion holiday week new issue calendar.

S&P Global Ratings lowered the Port Authority’s special project bonds issued of behalf of JFK International Air Terminal LLC to BBB from BBB-plus.

The bi-state agency can apply to use the Federal Reserve’s Municipal Liquidity Facility, if it chooses.

For the second time in two weeks, a rating agency lowered the Port Authority of New York and New Jersey's outlook.