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Government

After a record year of bond issuance, the Texas Department of Transportation has reduced its borrowing costs by $425 million through refunding at historically low interest rates, officials said.

The Dec. 4 live NBC television production of "Peter Pan Live" filmed in a Long Island sound studio highlights an economic boost that Nassau County is receiving from the film industry.

The U.S. Supreme Court has appointed an attorney from Maine as case manager for the lawsuit that Florida filed against Georgia in a dispute over water rights.

The Atlanta Falcons iconic new retractable-roof stadium will now cost $1.4 billion and becomes the second-costliest stadium in National Football League history.

The municipal bond market was quiet on Friday after the deluge of new issuance earlier in the week and before the new week’s large calendar slate. High-quality municipal bond yields were higher, according to Municipal Market Data.

Standard & Poor's Ratings Services said it raised to A-minus from BBB-plus its long-term and underlying ratings on Hillsborough County School District, Fla.'s sales tax revenue bonds.

Consumer credit increased by $13.2 billion in October to $3.279 trillion, the Federal Reserve reported Friday.

Net revenues of the Puerto Rico Aqueduct and Sewer Authority came in 6.7% ahead of budget in the first quarter of fiscal 2015.

Transportation infrastructure construction will grow slightly faster than the rest of the economy in 2015, according to highway construction group.

Vanderbilt University in Nashville, Tenn., plans to restructure its medical center as a separate nonprofit over the next year to adapt to the changing health care environment.

Detroit emergency manager Kevyn Orr said he is leaving the city with a new budget that would have a $100 million surplus after two years.

The National Association of State Treasurers is working with Rep. Jason Chaffetz, R-Utah., on a letter to be sent to the House Ways and Means Committee chairman that would make the case for conservatives to preserve the municipal bond tax exemption, a consultant to NAST said Friday.

The city of Harvey, Ill., has agreed to settle Securities and Exchange Commission charges that it misled bond investors by diverting proceeds away from the projects for which they were intended.

The municipal bond market's primary sector is very quiet on Friday after the deluge of new issuance earlier in the week and before next week's large calendar slate. High-quality municipal bond yields were higher in secondary trading, according to Municipal Market Data.

Williston, N.D., the small city located in the heart of the state's oil boom, can't keep up with the massive infrastructure and operating demands tied to the boom, Moody's Investors Service warned Friday.

The Michigan House of Representatives Dec. 4 narrowly passed a roads funding bill that would raise $1.2 billion by diverting money now sent to schools and local governments.

How can New York's MTA grasp immediate pressing needs and still chart its long-term future?

The municipal bond market will be relatively quiet on Friday after the deluge of new issuance earlier in the week and before next week's large calendar slate.