Economy

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.

Skanska and its Elizabeth River Crossings partner, Macquarie Infrastructure Partners, will sell the concession to an Abertis Infraestructuras S.A.-led venture.

MBTA officials insist the moves, which include a capital-to-operating budget shift, are necessary to help seal a coronavirus-related $579 million operating gap.

The COVID-19 pandemic pushed the Henry Ford Village continuing care retirement community over the fiscal cliff and into a Chapter 11 filing.

Michael Roth, managing partner at Next Street, talks with Chip Barnett about how Black and Brown businesses are doing during the coronavirus pandemic. He looks at what our industry can do to help, from capital delivery to investment; beyond the usual solutions so small businesses and entrepreneurs in communities of color can succeed in an inclusive economy. (22 minutes) For more on this topic, see: Arizent's 'Access Denied' podcast series.

The move would not resolve structural budget gaps, according to the rating agency.

No one expects any change to the fed funds rate target when the Federal Open Market Committee meets on Wednesday and Thursday, but that doesn’t mean there’s nothing to watch for.

California will give the private activity bond capacity granted to the high-speed rail project to affordable housing projects and other qualifying ventures.

The Florida Department of Transportation extended the suspension of Garcon Point Bridge toll collections because it is being used as a detour.

Personal income increased 0.9% in September after a 2.5% decline in August, the Commerce Department reported Friday, while personal consumption grew 1.2% after a 0.7% gain in August.

Virus effects have battered New York City’s economy and by extension, the city’s budget and credit standing.