Economy

The bipartisan plan unveiled Tuesday by Senate and House lawmakers includes $160 billion for state and local governments, $82 billion for schools, $15 billion for transit agencies, and $4 billion for airports.

SCANA Corp. and South Carolina Electric & Gas Co. will pay a $25 million penalty for making false and misleading statements about the failed reactor project.

Oahu's 20-mile rail project could lose $250 million in federal funding if the Federal Transit Administration doesn't grant an extension.

Florida’s privately owned passenger train company, which halted service citing the coronavirus pandemic, is bringing $950 million of nonrated private activity bonds.

The data continue to offer a mixed picture, with manufacturing expanding, services hurting, and while construction spending rose more than expected, it followed a downward revision to the previous month's number.

SIFMA told a federal court that the SEC's process failed when it announced the temporary conditional exemption for muni advisors.

Pending home sales unexpectedly declined in October, the second consecutive month they dropped.

The Regional Transportation District will issue $340 million for Denver Transit Partners, the concessionaire of three Denver-area commuter rail lines for RTD.

Pennsylvania nonprofit health system’s aggressive expansion has left it with a massive debt load, although default not an issue.

The consumer confidence index suggested expectations have slipped, and the Richmond Fed's services survey also offered a dim view ahead.

Without more federal relief, the Illinois Regional Transportation Authority's service boards warn of devastating service cuts, layoffs and fare hikes.

Selling in a week with an expected light calendar should help the deal as will market fundamentals.

MTA officials revealed dark budget-and-service cut scenarios and Mayor Bill de Blasio closed in-person public schools, actions likely to ripple through the city's economy.

Neal Zuckerman, a New York MTA board member, tells The Bond Buyer's Paul Burton how takeaways from that era relate to today's transit funding crisis. "History doesn't repeat itself, but it rhymes." (24 minutes). Recorded Oct. 30.

The Federal Reserve’s changed policy framework is “an evolution, not a revolution,” according to Vice Chair Richard Clarida.

Eight measures in five states to legalize marijuana and in three states offering tax breaks for veterans received universal approval.

Infrastructure investment is likely going to be an early priority for Biden.

The comptroller said the Taxi Workers Alliance proposal puts a floor under loan losses by guaranteeing city purchase of any defaulted medallions.

University of Idaho's P3 could be a model for future university deals, according to Wells Fargo bankers.

There is a pervasive belief that Joe Biden is likely to be more effective reaching across the aisle than Donald Trump.